Patrick prepares accounts to 31 August each year. The written down value of his main pool of
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Patrick prepares accounts to 31 August each year. The written down value of his main pool of plant and machinery after deducting capital allowances for the year to 31 August 2022 was £1,900. There were no acquisitions during the year to 31 August 2023 but an item of plant that had been acquired for £3,000 in 2019 was sold in May 2023 for £1,250.
Prepare a capital allowances computation for the year to 31 August 2023, assuming that maximum allowances are claimed.
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WDA for the year would normally have been 18 6...View the full answer
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