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Valarie, a non-SBE taxpayer purchased Leather Garment Polisher for $1200 and a 3D Printer for $980 on 25 May in the current year, both with
Valarie, a non-SBE taxpayer purchased Leather Garment Polisher for $1200 and a 3D Printer for $980 on 25 May in the current year, both with an effective life of 5 years. Valarie is a non-SBE taxpayer but would like to use the low-value pools where applicable and minimise her taxable income. What will be the rate of depreciation and the Decline in value for the current year for each of the items? Complete the answers in the spaces below. Only write the figures without the commas or the percentage sign. The schedule is set up to only allow you to write the rate of depreciation and Decline in Value. UNIFORM CAPITAL ALLOWANCES EXISTING ASSETS AND NEW ASSETS DISPOSALS YEAR ITEM OAV RATE DAYS BIA Decline CAV in Value AV (at SP sale) % 25/5 Polisher 1200 [A] [B] 25/5 Printer 980 [C] [D] Valarie, a non-SBE taxpayer purchased Leather Garment Polisher for $1200 and a 3D Printer for $980 on 25 May in the current year, both with an effective life of 5 years. Valarie is a non-SBE taxpayer but would like to use the low-value pools where applicable and minimise her taxable income. What will be the rate of depreciation and the Decline in value for the current year for each of the items? Complete the answers in the spaces below. Only write the figures without the commas or the percentage sign. The schedule is set up to only allow you to write the rate of depreciation and Decline in Value. UNIFORM CAPITAL ALLOWANCES EXISTING ASSETS AND NEW ASSETS DISPOSALS YEAR ITEM OAV RATE DAYS BIA Decline CAV in Value AV (at SP sale) % 25/5 Polisher 1200 [A] [B] 25/5 Printer 980 [C] [D]
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