A Alex purchased a CNC machine on 1st October 2019 at a cost of $110,000 (including GST) This machinery is estimated to have a useful life of seven years B Alex purchased a Holden car on 1 May, 2019 at a cost of $63,000, estimated to have a useful life of five years Required With reference to relevant legislation and case law, discuss and calculate what amount is allowed as a deduction for the decline in value of the machinery and the Holden car discussed above, using both Prime cost and Diminishing value methods

To determine the tax deductions available for the decline in value depreciation of Alexs CNC machine and Holden car we can use the Australian Taxation ...

[SOLVED] A. Alex purchased a CNC machine on 1st October 2019 at

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Question: A. Alex purchased a CNC machine on 1st October 2019 at a cost of $110,000 (including GST). This machinery is estimated to have a useful

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