Margie Frump is employed as a teacher. She occasionally purchases items that she uses in the course of her employment that are subject to depreciation.
Assets held by Margie at 30 June 2021:

 Margie uses each of these assets entirely for work.
Margie has not previously used a low-value pool for her assets.
Margie wishes to maximize her deduction for a decline in value.
 
Calculate the deduction for the decline in value available for 2021/22.
Computer: $
Laptop: $
Printer/Copier: $
Laser Printer: $
Mobile Phone: $
Video Recorder: $

Transcribed Image Text:

Asset Computer Laptop Printer/Copier Cost ($) 3,600 1,900 800 Adjustable Value at 30/6/21 ($) 1,200 870 290 Effective Life (years) 5 5 Depreciation Method Prime Cost Diminishing Value Prime Cost Asset Computer Laptop Printer/Copier Cost ($) 3,600 1,900 800 Adjustable Value at 30/6/21 ($) 1,200 870 290 Effective Life (years) 5 5 Depreciation Method Prime Cost Diminishing Value Prime Cost

Answer rating: 100% (QA)

1 Computer Cost 3600 Adjustable value at 30621 1200 Effective life 5 years Depreciation method prime ... View the full answer