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Peni Tamalolo commenced a bakery business on 1 April 2019 and would like to claim maximum depreciation (as a business deduction) for the assets which
Peni Tamalolo commenced a bakery business on 1 April 2019 and would like to claim maximum
depreciation (as a business deduction) for the assets which he purchased for his new business shown below.
Asset | Date of acquisition | Cost ($) |
Ovens | 3 April 2019 | 30,000 |
Tin and trays | 15 April 2019 | 4,500 |
Slicing Machines | 6 May 2019 | 3,700 |
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