practice assessment 2 task 3
kelly2021
Registered Posts: 16
in Business Tax
Hello
I’m very confused, can anyone please help? Thanks.
Sales managers car has been disposed, why is the WDA still there? I thought the WDA shouldn’t exist as the car has been disposed?
Any help would be appreciated. Thanks.
I’m very confused, can anyone please help? Thanks.
Sales managers car has been disposed, why is the WDA still there? I thought the WDA shouldn’t exist as the car has been disposed?
Any help would be appreciated. Thanks.
0
Comments
-
The car is not in a seperate pool, it is part of the special rate pool this means that there could be other assets in there other than the car that have the special rate applied.
The value the car was sold at is removed and the remainder is carried forward. If it had been a single asset pool then the whole thing would have been written off on the year end of DecemberAAT Level 4, MAAT
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