Massive Pty Ltd is a medium sized business entity with annual turnover of $$90$ million. On $1$ July Massive purchased a large industrial machine for $$600,000.$ The machine is expected to have an effective life of $10$ years. What deduction is allowed for the purchase of this large industrial machine in the current tax year?

Question $3$ Answer

a$.$

$$120,000$

b$.$

$$15,000$

c$.$

$$600,000$

d$.$

$$60,000$