[F6]ACCA考试 一日一练 F6

ACCA考试 一日一练 F6
 
Tom owns a cottage that he lets out
furnished at an annual rent of ￡3,600, payable
monthly in advance
.During 2011/12, he incurs following
expenditure:
May 2011 replacement of one broken kitchen unit with a unit of similar
standard                                                                                      ￡275
June 2011 insurane  for year from 5 July(previous year ￡420)  ￡480
November 2011 drain clearance                                                 ￡380
May 2012 redecoration(work completed inMarch 2012)              ￡750
The tenant had vacated the property
during June 2011, without having paid the rent due for June. Tom was unable to trace the defaulting
tenant, but managed to let the property to new tenants from 1 July 2011.
Calculate the property business profit for 2011/12, assuming Tom claims
10% wear and tear allowance
Answer
Property accruedExpenses -
repair to kitchen units(note) -￡275
irrecoverable debt(1/12*3,600) -￡300
insurance(3/12*420+9/12*480) -￡465
drain clearance -￡380
redecoration -￡750
wear and tear allowance 10%*(3,600-300)  ￡330
Property business profit