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Additionally on 1 July of the current tax year he purchased a new barbed wire fence for 55000 as the old barbed wire fence was

Additionally on 1 July of the current tax year he purchased a new barbed wire fence for 55000 as the old barbed wire fence was in need of fixing up He scrapped the old fence on 1 August when the new fence was installed All values exclude GST Provide a depreciation schedule for the income tax year ended 30 June for all the depreciating assets in this part Include reasons for the amounts includedexcluded from the depreciating schedule Provide full details of sections cases commentaries and ATO rul

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