Question: Ace Accountants is a partnership that has purchased a new car for use in the partnership. The car cost $95,000 and the car was purchased

Ace Accountants is a partnership that has purchased a new car for use in the partnership. The car cost $95,000 and the car was purchased on 17 March 2023 and is used 100% for the partnership business. Ace Accountants is a small business entity. What is the decline in value that the partnership can claim in its partnership tax return for the year ended 30 June 2023? Group of answer choices $8,637 $64,741 $95,000 $59,136

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