Jake has been trading for many years, preparing accounts to 30 September each year. The written down
Question:
Jake has been trading for many years, preparing accounts to 30 September each year. The written down value of his plant and machinery at 30 September 2019 was:
Jake bought plant costing £1,150 in October 2019. This was his only transaction in plant and machinery until 31 July 2020, when he ceased trading and closed down his business.
On that date, all of the items in his main pool were sold for a total of £12,850 (all items were sold for less than cost) and his car was sold for £12,000. Prepare Jake's capital allowances computation for the ten months to 31 July 2020.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
11019 31720 WDV bf Additions D...View the full answer
Answered By
Ajeet Singh
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
4+ Reviews
24+ Question Solved
Related Book For 
Question Posted:
