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Taxpayer conducts a business and has a turnover of $55m. On 1 September 2020 the taxpayer purchases a car, that is used 80% for business

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Taxpayer conducts a business and has a turnover of $55m. On 1 September 2020 the taxpayer purchases a car, that is used 80% for business purposes. The car costs $80,000 and has an effective life of 8 years. What is the maximum deduction available to the taxpayer in 2021

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