Recoupment of allowances
| OUTCOMES OF TOPIC After studying this topic related to recoupment of capital asset allowances you should be able to: ✓ Define the term recoupment ✓ Use the basic recoupment formula ✓ Calculate the tax value of an asset ✓ Identify under which circumstances a scrapping loss will arise ✓ Identify under which circumstances a scrapping loss will not be deductible |