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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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