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:

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.

Asset Cost Date of Purchase Effective Life Laser Printer $700 31 Oct 21 5 years Mobile Phone 280 28 Feb 22 3 years Voice Recorder 175 01 May 22 4 years