need help for fringe benefit tax - taxation law urgent !!

FRINGE BENEFITS TAX - FBT BASE VALUE AFTER 4 YEARS: The reduction in base value (cost) applies only once in the life of the car that is to reduced by 1/3 of its value - TD 94/28: *if the car was acquired on 1 April: on the 5th anniversary of its acquisition; *if acquired on some other date: On 1 April after the fourth anniversary of its acquisition. Example 1: A car was purchased on 1 April 2009 for $42,000 (including GST) and used for private purpose by an employee. The employer can reduce the base value by 1/3 ($14,000) in the FBT year beginning from 1 April 2014. The reduced base value of the car would be $28,000. Example 2: Assume the same facts as example 1, except the car was purchased on 1 September 2010. The base value of the car will be reduced by 1/3 in the FBT year beginning 1 April 2015. HOME WORK A car purchased on 1 April 2014 for $38,000 is used by an employee for private purpose only for the year ended 31 March 2017. The employee travelled 26,500km during the year and contributed $2600 to the employer. Assume the employer can claim GST input tax. a) Determine the taxable value using statutory cost method and the FBT liability. b) Determine the period where the value will change and the FBT tax liability. Assume the following costs were available for the car. Annual Registration and insurance - $1,250 Repairs - $500 Maintenance - $1,780 Fuel - $4,500 Deemed depreciation: ? Deemed interest: ? c) Determine the taxable value and FBT liability for the year ended 31 March 2017 using operating cost method. Between part (a) and (c), which will you choose and why? d) What documentary evidence must be kept for operating cost method