CAPITAL ALLOWANCES - WEAR AND TEAR

💡 Capital Allowances – Wear and Tear In this lesson, we break down Capital Allowances, focusing on Wear and Tear Allowance under the Kenyan Income Tax framework. Learn how businesses claim deductions for depreciation of qualifying assets and how these allowances reduce taxable income. 💼 Key Topics Covered: Meaning and purpose of capital allowances Classes of assets eligible for wear and tear Computation of wear and tear allowance Distinction between accounting depreciation and tax depreciation Initial allowance vs wear and tear allowance Treatment of additions and disposals Balancing charge and balancing allowance Worked examples and exam-style questions Relevant sections under the Income Tax Act (Cap 470, Laws of Kenya) 🎓 Best For: CPA students studying Public Finance and Taxation ATD learners and accounting trainees KASNEB exam candidates Entrepreneurs and finance professionals 📘 Learn With Manifested Publishers: Access structured video lessons, practical tax computations, and revision questions to master Capital Allowances and excel in Taxation exams. 💻 Visit: www.manifestedpublishers.com 📱 Facebook Page: facebook.com/manifestedpublishers 📞 Call/WhatsApp: +254 724 173 845 #CPATaxation #CapitalAllowances #WearAndTear #ManifestedPublishers #KASNEB #TaxationLessons #PublicFinance #KenyaRevenueAuthority #AccountingStudents #ExamPreparation