ymond started trading on 1 October 2016. He chose 31 March as his accounting dat e and his first accounts were for the period from 1 October 2016 to 31 March 2017 . His purchases and sales of plant and machinery during the first two accounting periods were as follows: 1 October 2016 Bought machinery 130,000 1 October 2016 Bought motor van (emissions 212g/km) 16,200 12 December 2016 Bought motor car (emissions 173g/km) 18,600 18 January 2017 Bought office equipment 4,800
Raymond started trading on 1 October 2016. He chose 31 March as his accounting dat e and his first accounts were for the period from 1 October 2016 to 31 March 2017 . His purchases and sales of plant and machinery during the first two accounting periods were as follows:
1 October 2016 Bought machinery 130,000
1 October 2016 Bought motor van (emissions 212g/km) 16,200
12 December 2016 Bought motor car (emissions 173g/km) 18,600
18 January 2017 Bought office equipment 4,800
4 February 2017 Bought motor car (emissions 122g/km) 9,200
12 April 2017 Sold car Bought in February 2017 9,600
12 April 2017 Bought motor car (emissions 130g/km) 15,500
25 November 2017 Sold machinery (cost £11,500 in October 2016) 8,300
3 February 2018 Bought machinery 30,000
There was 25% private use (by Raymond) of the motor car purchased in December 2016 but there was no private use of any of the other assets.
Required:
Prepare a capital allowances comput ation for the period to 31 March 2017 and for the year to 31 March 2018.
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