The movements of plant and machinery in the year ended 31March
2018 were as follows:
i One motor van (AA 30%) costing $250,000 in 2011 was soldfor
$28,000. A new motor van was purchased for $300,000 and was
put into use.
ii The 30% pool included another motor car which was boughtin
June 2015 for $200,000. Starting on 1 April 2017, the car was
used partially by Mr Yeung’s son for non-business use. The
portion of non-business use had been agreed with the IRD tobe
50%. The estimated market value of the motor car on 1 April
2017 was $80,000.
iii Mr Yeung inherited his father’s business and took oversome
office furniture
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