Btc

melanie2008

sat june 09 btc and failed just read assessors report and i am confussed about the car lease payments. they commented that it was not a topic covered by students. Well i had never heard of it and cannot find how to calculate in my text book either. Help !!

mini_schnauzer

Hire or lease charges for expensive cars (over £12,000) - part of the rental cost is disallowed. Use following formula to calculate:

1/2 x (retail price when new - £12,000) divided by retail price when new, then x Hire charge per annum = disallowed amount.

This is covered in the Adjusted trading profits part of my Kaplan Book.

joantuba

btc

Thank heavens it is not just me who couldnt find anything in my text book regarding the lease payments - though i was going mad!

mini_schnauzer

Not much was discussed in my Kaplan book other than the formula - less than half a page!

melanie2008

Thank you for your help. I could not find any mention of this formula in the Osborne Book. Which I think is bad as it was part of a question in the june 09 exam which i failed.