Quentin is a psychologist and owns her own business. On 1 March 2021, Quentin purchased a sofa for $4,500. She uses the sofa 90% for work purposes. She estimates that the sofa will last for 4 years. Quentin uses the prime cost method to calculate all depreciation deductions. How much can Quentin claim as a deduction in the first financial year she owns the sofa (rounded to the nearest dollar)? select from the 4 options below: 

	a.	$188
	b.	$1,125
	c.	$338
	d.	$376

Answer rating: 100% (QA)

To calculate the depreciation deduction using the prim... View the full answer