ACCA F6: Capital Allowances! Trivia Questions Quiz

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LFTC2011

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Questions: 22 | Attempts: 537 | Updated: Mar 22, 2023

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ACCA F6: Capital Allowances! Trivia Questions Quiz - Quiz

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Mar 22, 2023

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Mar 27, 2012

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ACCA F6: Capital Allowances! Trivia Questions Quiz

Which of the following is not a plant and is considered as building?

Which of the following does not qualify as plant?

Capital allowance is available at 20% on general pool on:

Annual Investment Allowance (AIA) is available to all business of £________.

Alpha purchased Plant for £120,000. All is subject to AIA. What is the total of Capital Allowances that can be claimed during the year?

If the period of account is 13 months, the AIA will be:

First Year Allowance (FYA) is available on cars below the CO2 emission of _______ g/km or less.

Writing Down Allowance (WDA) on items in the main pool is calculated as:

For short & Long period of accounts, the WDA is:

FYA is adjusted for short or long period of account?

Balancing charge arises when at the time of cessation of trade there is ____ balance in the main pool despite all assets being disposed off.

Balancing allowance arises when at the time of cessation of trade there is ____ balance in the main pool despite all assets being disposed off.

In the year of cessation, the following can be claimed?

Special Rate Pool attracts 10% WDA and hence are included in the special rate pool. These include:

AIA can be applied to the Special Rate Pool assets except for:

Long-life assets are the assets with useful life of ___ years or more.

Plants not treated as long-life assets are cars and:

Features integral to building includes:

Capital allowances for assets with private use is dealt:

A car was purchased on 1.1.2008 with no private use. The maximum WDA that can be claimed is:

For cars purchased after 5 April 2009 with CO2 emission of ____g/km or less, FYA of 100% can be claimed.

If a trader purchases an asset that is intended to be sold within ____ years of the end of the accounting period when it was acquired, the asset can be kept in single asset pool.