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Deductions Tara runs a caf, with an annual turnover of $125,000 excluding GST. On 1 July 2021 she purchased a new espresso machine for $1,295

Deductions Tara runs a caf, with an annual turnover of $125,000 excluding GST. On 1 July 2021 she purchased a new espresso machine for $1,295 (effective life is five years) and a new front counter for $5,550 (effective life is 10 years). Required A - Ignoring COVID-19 measures, calculate for Tara her total deduction, using the prime-cost method for both assets. B - Ignoring COVID-19 measures, calculate for Tara her total deduction, using the diminishing value method for both assets

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