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General AAT student discussion
Loss on disposal of a Van - is taxable?
pinoyLiz
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January 2010
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General AAT student discussion
I need enlightenment, how do you treat the loss on disposal of a fixed asset for taxable purposes? Thank youu so much.
Regards,
L
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Steve Collings
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January 2010
It is treated in the same way as depreciation - it is added back to profit.
Kind regards
Steve
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pinoyLiz
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January 2010
Thanks Steve
Thank you Steve
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Kind regards
Steve
Thank you Steve