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Michael purchased a machine for use in his business for $100,000 on 11 May 2014. The machine is used 100percent for business and is not

Michael purchased a machine for use in his business for $100,000 on 11 May 2014. The machine is used 100percent for business and is not in the SBE System. The effective life of the machine at the timeof acquisition was five (5) years.Required:Calculate his depreciation claim (assuming the diminishing value method applied and rounded to nearest $1) forthe year ended 30 June 2015.

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