F6 Trouble trouble

[Acid]

Hi,

Need your help please,

Do we give WDA in the year of sale ? If yes , so do we pro rate it or give the normal 25% ?


Thank you

Acid

[Annie]

If you have completed your study text and question bank, then in these ten days try and practice the question bank on your own and solve the past exam papers which will boost up your confidence.

All the best

Annie

[Alice]

No writing down allowance is given in the year of disposal, instead a balancing allowance or charge is calculated.

If an item is in the general pool, its value is deducted from general pool and writing down allowance is only given in the item of general pool after the disposal.

Hope this helps