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Plant and Machinery 1 . An insurance broker purchased on 1 st July 2 0 2 2 , computers and printers for his business at

Plant and Machinery
1. An insurance broker purchased on 1st July 2022, computers and printers for his business at a total cost of $500,000. Computers receive an initial allowance of 25% and an annual allowance of 20%. On 30th June 2024 the insurance broker sold the computers and printers for $150,000. Calculate the capital allowances for the years 2022 to 2024.(1 Mark)

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