Jimmy purchased the warehouse on 1 July 2017 for $1.5 million, it had been constructed in 2009 and the cost associated with construction was $500,000.

Question:

Under div 43, how do we calculate the above?

should we use 2.5% or 4%?

Answer rating: 100% (QA)

Div 43 is all about the deprecation of buildings and improvements The rate that applies 25 or 4 dep... View the full answer