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Small Pty Ltd is an SBE business taxpayer that leases most of its assets. However, Small Pty Ltd acquired the following assets during the year.
Small Pty Ltd is an SBE business taxpayer that leases most of its assets. However, Small Pty Ltd acquired the following assets during the year.
Asset A was acquired on July of current year. It has a life expectancy of years and cost $
Asset B which was bought on November CY at the cost $ It has a life expectancy of years.
Asset C was bought on December CY at a cost of $ It has a life expectancy of years.
Asset D bought on August CY for $ and the asset has an effective life of years.
State ALL the answers that are CORRECT.
Group of answer choices
Small Pty Ltd will be able to write off immediately Assets A and B
Small Pty Ltd can allocate both Assets A and B to a LowValue Pool and depreciate them at
Small Pty Ltd can create a single pool and place Asset C and D into that pool and claim depreciation at the rate of for the current year.
Small Pty Ltd can create a single pool and place Asset C and D into that pool and claim depreciation at the rate of for the current year.
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