Week 6 Practice Question Ravneel Singh purchased all the assets of a business called Superior Couriers Ltd on 1 April 2020. The following assets were acquired and are used 100\% in the business. All assets were purchased new, unless otherwise stated. All costs are GST exclusive. During the year the following transactions occurred: - The trailer was sold for $11,000. - A new Computer was bought for $4,500 on 14 June 2020 - The old computer was sold for $1,000. Required: Assume that Ravneel wants to maximise his depreciation loss. Calculate the annual depreciation charge for Ravneel, maximising the depreciation he can claim for the year ended 31 March 2020 . Find the applicable depreciation rates from the IRD Website. Use the pool method for all items costing less than $5,000. Week 6 Practice Question Ravneel Singh purchased all the assets of a business called Superior Couriers Ltd on 1 April 2020. The following assets were acquired and are used 100\% in the business. All assets were purchased new, unless otherwise stated. All costs are GST exclusive. During the year the following transactions occurred: - The trailer was sold for $11,000. - A new Computer was bought for $4,500 on 14 June 2020 - The old computer was sold for $1,000. Required: Assume that Ravneel wants to maximise his depreciation loss. Calculate the annual depreciation charge for Ravneel, maximising the depreciation he can claim for the year ended 31 March 2020 . Find the applicable depreciation rates from the IRD Website. Use the pool method for all items costing less than $5,000