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What is the allowable deduction for depreciation in the financial year ended 30 June 2020 for a piece of equipment purchased for $40,000 on 1
What is the allowable deduction for depreciation in the financial year ended 30 June 2020 for a piece of equipment purchased for $40,000 on 1 October 2019 under the diminishing value method if the effective life established by the ATO is 4 years? Select one: $7,500 $10,000 $15,000 $20,000
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