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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 \\( B \\) years and cost \\( \\$ 1.500 \\). Its opering adjustable value for the current vear was 5985. 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 PY at a cost of 520.000 and had an opening adjustable value of \\( \\$ 18,800 \\). it had a life expectancy of 15 vears. Asset D bought on 1 August \\( C V \\) for \\( \\$ 220,000 \\), and the asset has an effective life of 8 years. State ALL the answers that are CORRECT. Very eirs Ltd will be able to cham depreciation of at the rate of \25 on \\( \\$ 220,000 \\) for 334 davi for Asset D. Very Bis Lte can alocate bothi Asuets, A and B to a Low-Vilue Pool and depreciate thein at \\( 37,5 \\times \\). If Wery Big Ltd has created a Low Value Pool it must not put Asset A into a Low Value fool an it can daim depreciation at the rate of \25 for the current vear instead of \16.75 if allocated to the pool Very Big Lid will be abte obtain a desiuction of \\$2500 for the currers vear for Assect C
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