TOPIC 6: CAPITAL ALLOWANCES Learning outcomes: At the end of this topic‚ students should be able to: i. Understand and identify the qualifying plant expenditure for plant and machinery. ii. Compute initial allowance‚ annual allowance‚ notional allowance and accelerated capital allowance. iii. Determine the balancing charge or balancing allowance on disposal of assets. 1.0 Introduction * Capital expenditure is not tax deductible. So‚ depreciation or amortization is also not deductible
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Chapter 1. .Rationale. What is the minimum allowance of a college student? Minimum allowance of a student is base on how much their parents have to give them. We all know that a college student had much greater need than in high school days. We very much interested this issue because every one of us can relate this topic. Mostly of us don’t know how to manage their allowance and organize a budget. To budget your allowance is one way of showing your parents that you can be trusted and you’re
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basic principles related to accounting for income taxes‚ each of which considers uncertainty through the application of recognition and measurement criteria: * a. To recognize the estimated taxes payable or refundable on tax returns for the current year as a tax liability or asset * b. To recognize a deferred tax liability or asset for the estimated future tax effects attributable to temporary differences and carryforwards. 45-5 The valuation allowance for a particular tax jurisdiction
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child if he can have an allowance. Parents believe that allowance makes a child unappreciated money. The truth however‚ is the opposite. Allowance helps the child turn into a financially secure adult by teaching him money management. Also‚ because it is their own money‚ children will feel independent and important. Finally‚ allowances teach kids that to earn money and succeed as an adult‚ one has to work hard and be responsible. Parents should give children allowances to help the child prepare
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Introduction If you are returning to education and have been getting a social welfare payment you may qualify for the Back to Education Allowance or the student grant depending on your circumstances. It is not possible (in most cases) to get the Back to Education Allowance and a full student grant at the same time. If you are getting One-Parent Family Payment‚ Disability Allowance‚ Invalidity Pension or Illness Benefit‚ you will need to assess whether it is more beneficial for you to transfer to the BTEA
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can claim capital allowances on its qualifying expenditure on plant and machinery. Qualifying expenditure is capital expenditure on items of plant and machinery‚ this includes expenditure on the alteration of land for the purpose only of installing plant or machinery. Expenditure which does not qualify for allowances Expenditure on buildings‚ structures and land‚ as well as expenditure on certain assets which are incorporated into buildings do not qualify for capital allowances. The general
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Econometrics Continuous and Discrete Data What is Econometrics? Literal meaning is “measurement in economics”. Definition of financial econometrics: The application of statistical and mathematical techniques to problems in finance and accounting. Continuous data can take on any value and are not confined to take specific numbers. Discrete data can only take on certain values‚ which are usually integers Types of Data Dummy variable A dummy variable (also known as indicator
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Durham E-Theses Three essays in behavioural nance: An examination into non- Bayesian Investment behaviour ANTONIOU‚ CONSTANTINOS How to cite: Three essays in behavioural nance: An examination into nonBayesian Investment behaviour‚ Durham theses‚ Durham University. Available at Durham E-Theses ANTONIOU‚ CONSTANTINOS (2010) Online: http://etheses.dur.ac.uk/428/ Use policy The full-text may be used and/or reproduced‚ and given to third parties in any format or medium‚ without prior
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Cash vs. Accrual Accounting It’s important for you to understand the basics of the two principal methods of keeping track of a business’s income and expenses: cash method and accrual method (sometimes called cash basis and accrual basis). In a nutshell‚ these methods differ only in the timing of when sales and purchases are credited or debited to your accounts. If you use the cash method‚ income is counted when cash (or a check) is actually received‚ and expenses are counted when actually paid
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Chapter 1 the equity method of accounting for investments Chapter Outline I. Three methods are principally used to account for an investment in equity securities. A. Fair-value method: applied by an investor when only a small percentage of a company’s voting stock is held. 1. Income is recognized when dividends are declared. 2. Portfolios are reported at market value. If market values are unavailable‚ investment is reported at cost. B. Consolidation: when
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