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5. Mongoose Ltd operates an insurance company and information on its assets at year end 2014 is as follows (pre-2014 rates in brackets): Office building,
5. "Mongoose Ltd operates an insurance company and information on its assets at year end 2014 is as follows (pre-2014 rates in brackets): Office building, costing $1.5 m January 2011 ( 2.5%) WDV 262,500 Computer equipment, costing $250,000 (22.5% SL) WDV 210,000 Office furniture, costing $300,000 (11.25%SL) WDV 168,750 The company disposed of the computer equipment in June 2014 for $35,000. What are the capital allowances for Mongoose for year of assessment 2014
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