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Question 2 8 pts Mumu is a small business taxpayer with a sales turnover of $3m. At 1 July 2021, the balance of the
Question 2 8 pts Mumu is a small business taxpayer with a sales turnover of $3m. At 1 July 2021, the balance of the taxpayer's Small Business Depreciation pool was $74,666. During the year ended 30 June 2022, Mumu entered into the following transactions:- Date Transaction Amount excluding GST $ Effective Life (years) 1 Dec 2021 Purchased cash register 880 3 2 Jan 2022 Purchased car 67,136 6 All assets, including the car, are used 100% for business purposes. In May 2022, Mumu sold a car used 100% for business for $12,500. The car cost $30,000 when it was purchased on 1 July 2017.
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