Currently preparing stats for an audit exempt limited company with Freehold building as an asset which the business operates from.
We have recently carried out a major repair to one of our main fixed assets. It was about £15k so not coppers
Assuming a new UK small business that has spent a £100k on capital to set up. As we know, the AIA allows for £25k of offsets (assume this business is setting up now thus after 1 April 2012).
Having taken over some jobs from a previous accountant I was surprised at the different depreciation methods used. I personally always attach residual values to motor vehicles and expensive plant
How do you depreciate a Lease Renewal payment. Say, if the house is depreciated over a 50 year period and the lease is renewed for 100 years.
Hi I have a quick question, am I right to say that depreciation can't be charged until the asset is in use?
Hi, Some assistants on this would be appreciated.
I'm trying to understand how Depreciation and AIA relate to each other and I think understand it, but I'd be very greatful if somebody could confirm I'm on the right track.
I have come across a set of accounts in which an amount equivalent to the wear and tear allowances have been charged as sundry expenses in the rental accounts for three years.