A sole trader, Nitin, has plant and machinery with a tax written down value of £18,400 on 1 January 2023. During the six-month period of account to 30 June 2023 he purchased a Mercedes car (emissions of 28 g/km) for £24,400, used only for business purposes. What is the maximum amount of capital allowances available to Nitin for the six months ended 30 June 2023? A £26,056 B £3,852 C £27,712 D £7,704
A sole trader, Nitin, has plant and machinery with a tax written down value of £18,400 on 1 January 2023. During the six-month period of account to 30 June 2023 he purchased a Mercedes car (emissions of 28 g/km) for £24,400, used only for business purposes. What is the maximum amount of capital allowances available to Nitin for the six months ended 30 June 2023? A £26,056 B £3,852 C £27,712 D £7,704
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A sole trader, Nitin, has plant and machinery with a tax written down value of £18,400 on 1 January 2023. During the six-month period of account to 30 June
2023 he purchased a Mercedes car (emissions of 28 g/km) for £24,400, used only for business purposes.
What is the maximum amount of capital allowances available to Nitin for the six months ended 30 June 2023?
A £26,056 B £3,852 C £27,712 D £7,704
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