FR (Page 334)

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H Ltd. 330,000 Dep. On fair value (5% x 20,000 x 3 yrs) S Ltd. 150,000 P & L (60% x 3,000) 1,800 Fair value adjust M.I (40% x 3,000) 1,200 C.O.C (60% x 30,000) 18,000 UP on PPE (H made sale) M I (40% X 30,000) 12,000 P & L (1/3/1,1/3 x 20,000) 5,000 Excess depreciation Balance c/d 534,550 P & L (0.6 x 2,550) 1,530 M. P (0.4 x 2,550) 1,020 542,550 534,550 Cash at bank £ £ H Ltd.. 25,000
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