Smalls Pty Ltd is a photography business which is also a small business entity. On 1 July 2021, it acquired a laser printer costing $11,000 (5-year life) and some camera equipment costing $10,000 (8-year life) for 100% use in the business.
What is the maximum depreciation deduction that can be claimed by Smalls Pty Ltd in relation to the above assets for the 2021/22 tax year

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To calculate the maximum depreciation deduction that Smalls Pty Ltd can claim for the laser printer ... View the full answer