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On 29 June 2019, Penny bought a new cash register for use in her restaurant. The machine cost $14916 and has an effective life of

On 29 June 2019, Penny bought a new cash register for use in her restaurant. The machine cost $14916 and has an effective life of 8 years.

Penny only started using the register on 1 July 2019.

Penny has opted to rely on the Prime Cost Method.

Calculate how much Depreciation Penny can claim on the cash register for the 2020 financial year.

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