Client ceased in business with final accounts being drawn up from 6 April 2010 to 30 November 2010.
Client purchased a new computer during the final period. Is AIA available or is it a case of usual balancing allowance?
Thanks
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AIA is not allowed on the cessation of a business. You can calculate depreciation and the profit/loss on disposal for the accounts. For the tax return, it would be the value of the computer on disposal, therefore the usual balancing allowance, as you have said.