Question
Jimmy purchased the warehouse on 1 July 2017 for $1.5 million, it had been constructed in 2009 and the cost associated with construction was $500,000.
Jimmy purchased the warehouse on 1 July 2017 for $1.5 million, it had been constructed in 2009 and the cost associated with construction was $500,000.
Question:
Under div 43, how do we calculate the above?
should we use 2.5% or 4%?
Step by Step Solution
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Step: 1
Div 43 is all about the deprecation of buildings and improvements The rate that applies 25 or 4 dep...
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
