Written down value and adjusted value rules for asset blocks, including reorganisation and foreign acquisition adjustments. Defines written down value as the prior closing WDV and links closing WDV to adjusted value reduced by capital allowance and deductible acquisition expenditure. Provides the adjusted value formula (A+B) - (C+D+E) with A as opening WDV, B as cost of additions, C as proceeds on disposals, D as scrap value, and E as deemed WDV of transferred assets, and sets adjusted value to nil when disposals and transfers exceed opening value plus additions.
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Provisions expressly mentioned in the judgment/order text.
Written down value and adjusted value rules for asset blocks, including reorganisation and foreign acquisition adjustments.
Defines written down value as the prior closing WDV and links closing WDV to adjusted value reduced by capital allowance and deductible acquisition expenditure. Provides the adjusted value formula (A+B) - (C+D+E) with A as opening WDV, B as cost of additions, C as proceeds on disposals, D as scrap value, and E as deemed WDV of transferred assets, and sets adjusted value to nil when disposals and transfers exceed opening value plus additions.
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