Question 6c

Dylan commenced as a self-employed bathroom designer on 10 August 2022. During the period ended 31 March 2023 he acquired the following business assets from Jupiter Office Furniture and Supplies Ltd.

Task

Calculate tax depreciation to the nearest dollar for these assets for the 2023 tax year using diminishing value rates.

\begin{tabular}{|l|l|r|} \hline \multicolumn{1}{|c|}{ Date } & \multicolumn{1}{c|}{ Asset } & \multicolumn{1}{c|}{ Cost } \\ \hline 15 August 2022 & Office desk & $1,682 \\ \hline 15 August 2022 & Office chair & $796 \\ \hline 26 October 2022 & Plan printer & $1,864 \\ \hline 26 October 2022 & Laser printer & $935 \\ \hline 24 November 2022 & Computer tablet & $1,875 \\ \hline \end{tabular} All assets are used 100% for business purposes