TXF6 UK

MC Question 6

Wan ceased trading on 31 December 2014, having been self-employed since 1 January 2002. On 1 January 2014, the tax written down value of her plant and machinery main pool was £6,200. On 10 November 2014, Wan purchased a computer for £1,600. All of the items included in the main pool were sold for £9,800 on 31 December 2014.

What is the balancing charge which will arise upon the cessation of Wan’s trade?

A. £4,716
B. £3,404
C. £2,000
D. £3,600

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