QUESTION 10.7 (Decline in value - motor vehicles) Frank Capone conducts business as a toy distributor. He is not a SBE taxpayer. Frank employs sales and delivery staff who use several business-related vehicles as follows: Vehicle Date Cost Adj. Value Business Depreciation Acquired ($ ) at 30/6/19 use Method ($ ) Nissan 1 July 2013 27,000 10,825 85% Prime Cost Ford Van 1 July 2017 40,200 28,220 100% Diminishing Value Toyota 1 July 2018 30,000 22,500 64% Diminishing Value Hino Truck* 1 July 2019 127,500 N/A 100% Diminishing Value Audi 1 July 2018 59,000 44,842 53% Prime Cost Volvo 1 July 2019 74,580 NA 78% Diminishing Value Each vehicle is to be depreciated using an effective life of 8 years. * The Hino Truck has a 3-tonne carrying capacity. Calculate the deduction available to Frank for the decline in value of these vehicles in respect of the 2019/20 tax year