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Very Big Ltd is a large business taxpayer that leases most of its assets, and only owns the following assets. Asset A which had been
Very Big Ltd is a large business taxpayer that leases most of its assets, and only owns the following assets. Asset A which had been purchased a few years ago had a life expectancy of 8 years and cost $1,500. Its opening adjustable value for the current year was $985. Asset B which was bought on 1 November CY at the cost $760. It had a life expectancy of 5 years. Asset C bought in the 1
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