Jason began trading on 1 May 2020 and prepared his first accounts for the eight months to 31 December 2020 He made the following purchases of assets 1 November 2020 Plant machinery 20,000 11 November 2020 Motor car 1 (emissions of 85 g km) 25,000 1 December 2020 Motor car 2 (emissions of 45 g km) 4...

ANSWER Maximum capital allowances for the period ending 31 ...

Jason began trading on 1 May 2020 and prepared his first accounts for the eight months to

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Jason began trading on 1 May 2020 and prepared his first accounts for the eight months to

31 December 2020. He made the following purchases of assets.

		£
1 November 2020	Plant & machinery	20,000
11 November 2020	Motor car 1 (emissions of 85 g/km)	25,000
1 December 2020	Motor car 2 (emissions of 45 g/km)	40,000

The 1^st car was used by Jason 30% for private use, the 2^nd car was used by one of his employees 25% for private use.

What are the maximum capital allowances available to Jason for the period ending 31 December 2020

Related Book For answer-question

International Financial Reporting A Practical Guide

ISBN: 978-1292200743

6th edition

Authors: Alan Melville

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Posted Date: May 09, 2022 06:43 AM

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International Financial Reporting A Practical Guide

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