20. Kelly runs a small business which she started on 1 May 2016 and draws up her first set of accounts to 31 January 2017. On 1 June 2016, she purchased a car for £12,500 which she uses 30% for business purposes. The car has CO2 emissions of 120 g/km. What are the capital allowances available to her for the period ended 31 January 2017? A £12,500 B £1,688 £675 .D £506

20. Kelly runs a small business which she started on 1 May 2016 and draws up her first set of accounts to 31 January 2017. On 1 June 2016, she purchased a car for £12,500 which she uses 30% for business purposes. The car has CO2 emissions of 120 g/km. What are the capital allowances available to her for the period ended 31 January 2017? A £12,500 B £1,688 £675 .D £506

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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