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Alex runs a special theatre and as at 1 July of the 2019-2020 tax year his depreciation schedule is set out below. He uses the

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Alex runs a special theatre and as at 1 July of the 2019-2020 tax year his depreciation schedule is set out below. He uses the diminishing rate method for all his depreciating assets. All of the opening assets were acquired after 9 May 2006. All amount exclude GST. Alex's cinema is not an SBE. Depreciating Asset Opening Adjustable Value At 1 July Effective life 2019 years $ 76,000 Carpet Seating Motion picture projector 165,000 11,900 10 Total Alex also acquired the following assets during the 2019-20 income tax year. a. A new motion picture projector for $150,000 was purchased and installed on 1 April 2020. He scrapped the old projector for no consideration on the same date. The effective life of the new projector is 10 years. b. A new BMW for $100,000 was purchased and ready for use on 1 September 2019. He used the car 100% for business purpose The effective life of the car is 8 years, Required: Calculate the depreciation deduction for the all assets above according to Div 40 and complete the following schedule for the A Mode ENG

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