In 2020 the Australian government introduced tax depreciation incentives to help businesses recover from the impacts of the coronavirus pandemic (COVID-19) The 3 tax depreciation incentives are: - Temporary full expensing - Instant asset write-off - Backing business investment Research the ATO website and explain in your own words: 

a How can these depreciation incentives help benefit businesses? 

b Provide an example of a business using at least one of these incentives

Answer rating: 100% (QA)

a How can these depreciation incentives help benefit businesses The Australian government introduced three tax depreciation incentives in 2020 to help businesses recover from the impacts of the COVID1... View the full answer