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Amelia works as a sales and marketing consultant for Hisense Australia. As part of her work, she purchased a Mercedes van on 1 January 2021
Amelia works as a sales and marketing consultant for Hisense Australia. As part of her work, she purchased a Mercedes van on 1 January 2021 for $60,000. The vehicle has an effective life of 8 years and is used 50% for business purposes. Required: Calculate the depreciation allowable in relation to the vehicle for the year ended 30 June 2021. Use the Diminishing Value Method.
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