Answered You can hire a professional tutor to get the answer.
QUESTION
A New Zealand business has a taxation balance date of 31 March. On the 30 January this year the business purchased a new asset for $66315....
1. A New Zealand business has a taxation balance date of 31 March. On the 30 January this year the business purchased a new asset for $66315. Installation costs were $5215. The allowable straight-line depreciation rate is 23.9% per annum for tax purposes. What is the maximum depreciation the business will be able to claim in its tax return this year?
