in capital allowance..all the assets in the Special pool where sold.
so wouldn't that give rise to a balancing allowance? instead of deducting WDA @ 8%? is the solution given in the kit right?
Hi Liji. Thank you. As it would have been with a general pool, if ALL items are sold for less than the balance outstanding, this would give rise to capital balance (capital charge if the selling price, still lower than a purchase price, was more than the balance). If any other items still remain in the special pool, than you should continue writing down the balance at %8. I am pretty sure this is the way. Are you certain ALL items in the pool were sold? If so, have you tried contacting Kaplan in this regard? Hope this helps somewhat. Regards, Nataliia.