Samuel prepares accounts to 28/29 February each year. His expenditure on plant and machinery (other than motor
Question:
Samuel prepares accounts to 28/29 February each year. His expenditure on plant and machinery (other than motor cars) in the year to 28 February 2021 is £300,000, of which £225,000 is spent in December 2020 and £75,000 is spent in January 2021. Calculate the AIA that may be claimed for the period (working to the nearest month).
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The AIA maximum for the year is 866667 1012 x 100000...View the full answer
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Krishnavendra Y
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