QUESTION 1 Cassandra Park operates a small retail shop which meets the criteria for a small business entity. Cassandra has supplied the following data regarding her general pool of depreciable assets: 1/7/2018 Opening balance $67,000 30/3/2019 Purchase of fridge $40,000 13/5/2019 Purchase of motor vehicle $50,000 (6096 used for the business) 16/6/2019 Purchase of computer $15,000 27/6/2019 Sale of old fridge $11,000 Required Calculate any the depreciation and the closing general pool balance for the 2018/19 year. Calculate the closing balance of the asset pool used. (14 Marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). QUESTION 1 Cassandra Park operates a small retail shop which meets the criteria for a small business entity. Cassandra has supplied the following data regarding her general pool of depreciable assets: 1/7/2018 Opening balance $67,000 30/3/2019 Purchase of fridge $40,000 13/5/2019 Purchase of motor vehicle $50,000 (6096 used for the business) 16/6/2019 Purchase of computer $15,000 27/6/2019 Sale of old fridge $11,000 Required Calculate any the depreciation and the closing general pool balance for the 2018/19 year. Calculate the closing balance of the asset pool used. (14 Marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)