Question: SharpCo operates a large grocery store. On 1 October 2022, SharpCo purchased and installed a new security system at a cost of $200,000 (excluding GST)

SharpCo operates a large grocery store. On 1 October 2022, SharpCo purchased and installed a new security system at a cost of $200,000 (excluding GST) with an effective life of 10 years, SharpCo does not apply any small business concessions. What is the maximum deduction available to SharpCo in respect of the security system for the 2023 income year? Question 4Select one: $30,000 $15,000 $20,000 $40,000

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