A second factory also used in the taxpayers business. It was purchased on 31 March CY at

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A second factory also used in the taxpayer’s business. It was purchased on 31 March CY at a cost of $1,000,000. Construction had commenced on 1 February 1992 at a cost of $890,000.

Calculate the Division 43 deductions which are available to the taxpayer.

Related Book For answer-question

Principles of Taxation for Business and Investment Planning 2016 Edition

ISBN: 9781259549250

19th edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Posted Date: Sep 28, 2020 07:05 AM

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A second factory also used in the taxpayers business. It was purchased on 31 March CY at

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Principles of Taxation for Business and Investment Planning 2016 Edition

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