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Margie Frump is employed as a teacher. She occasionally purchases items that she uses in the course of her employment that are subject to depreciation.
Margie Frump is employed as a teacher. She occasionally purchases items that she uses in the course of her employment that are subject to depreciation. Assets held by Margie at 30 June 2021: During the 2021/22 tax year Margie purchased the following assets: Margie uses each of these assets entirely for work. Margie has not previously used a low value pool for her assets. Margie wishes to maximise her deduction for decline in value. Calculate the deduction for decline in value available for 2021/22
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