Your client purchased a commercial van for their business selling furniture. The van cost $77,000 and was bought on 1 July 2021. Your client wants you to maximise the tax deduction on the van and the above price excludes GST. The effective life of the van is 8 years. What is the depreciation deduction for the current financial year?

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Determining the Depreciation Deduction for the Van Client Information Van Cost 77000 excluding GST P... View the full answer