comprehensive capital allowance question.pdf - 1 Potential Breakthrough Limited a manufacturing company commenced business on 1 st November 2015 and

comprehensive capital allowance question.pdf - 1 Potential...

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1. Potential Breakthrough Limited, a manufacturing company commenced business on 1 st November 2015 and prepares accounts to 31 st December each year. The company submitted the following information to GRA for the correct determination of capital allowance for the years 2015, 2016 and 2017. He purchased the following assets in the year 2015: ASSETS COST (GH¢) Generator 9,500 Refrigerator 4,500 Laptops 6,000 Office Building 750,000 Toyota corolla 35,000 Fittings & fixtures 8,000 It was also found out that the trademark of his company was valued to be GH¢25,000 with an estimated useful life of 25 years. In 2016, a Toyota Land cruiser was purchased at a cost of GH¢310,000 on 1/ 7/ 2016. A warehouse
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  • Fall '18
  • DR MAAME ADWOA GYEKYE JANDO
  • Toyota vehicles, Toyota Land Cruiser Prado, Toyota FZ engine, Straight-six engine

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