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Thefollowing are all resident taxpayers in receipt of business income. In eachcase,calculatethe deductionavailablefordeclineinvalueaswell asanyassessableincome arisingfromthe disposalsfor the 2021/22tax year. (a ) Sarinasoldacomputeron1July2021for$2,000.Thecomputerhadanopeningadjustablevalueof$3,200andwasused80%for business throughoutits life.
Thefollowing are all resident taxpayers in receipt of business income. In eachcase,calculatethe deductionavailablefordeclineinvalueaswell asanyassessableincome arisingfromthe disposalsfor the 2021/22tax year.
(a ) Sarinasoldacomputeron1July2021for$2,000.Thecomputerhadanopeningadjustablevalueof$3,200andwasused80%for business throughoutits life.
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