a. Memo is a small business taxpayer. At 1 July 2019 the balance of the taxpayers Small Business Depreciation pool was $47,000. During the year ended 30 June 2020 Memo entered into the following transactions:-

Date	Transaction	Amount excluding GST $	Effective Life (years)
1 August 2019	Car	62,500	6
1 December 2019	Cash register	980	3
1 January 2020	Machinery	85,000	7
15 January 2020	Office Furniture	17,500	8

All assets, including the car, are used 100% for business purposes. In May 2020, Memo sold a car used 100% for business for $11,500. The car cost $30,000 when it was purchased on 1 July 2016.

Required

1. Calculate the maximum income tax deduction available to Memo for the year ended 30 June 2020 in relation of the above depreciating assets.
2. Calculate the closing balance of Memos Small Business Depreciation Pool at 30 June 2020.

b) Sharmaine acquired a computer to be used at home to complete work at home that she was unable to finish at her workplace. It costs $2,000. The purchase date is 20 September 2019 and to be depreciated at diminishing value method over 8 years.

The computer was used for 100% for work related purposes.

Required

Calculate the amount deductible to Sharmaine for the current income year.