Toms depreciation schedule for the year ended 30 June is set out below All assets have a 100 per cent business use and he uses the diminishing value method All depreciating assets were acquired after 10 May 2006 Additionally on 1 July of the current tax year he purchased a new barbed wire fence for 55000 as the old barbed wire fence was in need of fixing up He scrapped the old fence on 1 August when the new fence was installed All values exclude GST Provide a depreciation schedule for the income

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Barbed Wire Fene Date Particulars Amount Date Particulars Amount 2006 Jul 01 Aug01 Sep01 Oct01 Nov01 ... View the full answer