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A New Zealand business has a taxation balance date of 31 March and purchased a new machine on the 25th September 2019 for $120,000. If

A New Zealand business has a taxation balance date of 31 March and purchased a new

machine on the 25th September 2019 for $120,000. If the company claims depreciation using the straight-line rate of 20% for tax purposes what is the maximum amount of depreciation that the business will be able to claim in its 31st March 2020 tax return?

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