Chapter 6 - 2.2.1 - Writing Down Allowance Flashcards
1
Q
Where is the WDA given?
A
On the balance of the main pool at the end of the period of account
2
Q
What is the WDA available each year?
A
TWDV x 18%
3
Q
How does the WDA work?
A
It is claimed as a capital allowance and is deducted from the pool balance
4
Q
What happens after the WDA has been deducted from the pool balance?
A
The remaining pool balance is then carried forward as the TWDV at the start of the next period of account and continues to be written down on a reducing balance basis
5
Q
A
