The fixed assets b/fwd are 291,912
I entered the following Jnl in the accounts for the assets disposed of. They were not sold as they were broken.
CR Cost of assets 57,883
DR Depreciation 38,916
DR P&L Loss on Assets Disposal 18,967
I am using HMRC free software for the accounts & CT600. In the computations, the figures relating to assets are as follows:
Box CP51: 18,967
Box CP78: 291,912
Box CP82: 57,358
Box CP83: 40,375
Box CP88: 40,375
Box CP89: 53,081
Box CP186: 93,456 (also box CP93, 95 and 99)
Box CP92: 255,814
Box CP106: 18,967
Box CP246, 248 & 267: 93,456
Box CP253 & 274: 57,358
Box CP249 & 279: 40,375
I have tried reducing the b/fwd figure by the loss total but I still don't get a balancing allowance for the loss? Please advise where I'm going wrong.
Please explain to me how you have only claimed in the year WDA of 53,081 – Box CP89
Please provide your calculation of this amount.
What is the WDV of assets that resulted in a loss of 18,967 – Box CP51 ( did you insert this amount 18,967 in Box CP33 within Computations – Expenses)
I presume WDV brought forward 291,912 as shown on Box CP78 included a WDV pertaining to the assets disposed in the current year giving you a loss of 18,967.
If there is a balancing allowance on this asset then how much is it and have you included it in WDA claimed – Box CP89?
Thank you for your reply. Sorry but I'm unable to work on this any more today so will it be ok if I get back to you tomorrow.