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35 Healing Accounts Pty Ltd is a medium-sized accounting firm in Perth, Western Australia. The company purchased a car on 1 January 2021 for $95,000.
35 Healing Accounts Pty Ltd is a medium-sized accounting firm in Perth, Western Australia. The company purchased a car on 1 January 2021 for $95,000. What is the company's depreciation deduction in relation to the car for the year ended 30 June 2021 under the diminishing value and prime cost methods respectively? The effective life of cars is 8 years O $28.590 and $14.295 Ob$7.009 and $3.544 Oc$11.777 and $5.888 $7.392 and $3.696 1 points
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