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In terms of taxes, Suss Co can claim a deduction for the decline in value of the machine it purchased in December 2021. The amount
In terms of taxes, Suss Co can claim a deduction for the decline in value of the machine it purchased in December 2021. The amount of the deduction depends on the method used to calculate the decline in value, as well as the effective life of the asset as determined by the Australian Taxation Office (ATO). Suss Co's aggregated turnover of $2 billion does not directly affect the tax deduction for the machine
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