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Trickster Holdings purchased an asset costing $1,685,507.Freight costs of $68,208 and installation costs of $29,892 were also required to place the machine in an operational
Trickster Holdings purchased an asset costing $1,685,507.Freight costs of $68,208 and installation costs of $29,892 were also required to place the machine in an operational state.
The firm expects to use the asset for 6 years and the Taxation Office advises the asset has a useful life of 6 years.
Calculate the depreciation tax benefit/saving (to the nearest whole number ignoring the $ sign) that will apply in each allowable year.
The Australian Company Tax Rate applies.
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