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When a Taxpayer Acquires a Photocopier to Be Used in Producing

Question 15

Essay

When a taxpayer acquires a photocopier to be used in producing business income, he can either allocate its cost to his general Class 8 or, alternatively, elect to allocate it to a separate Class 8. What is the potential advantage of allocating the cost of a photocopier to a separate Class 8?

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If the photocopier is allocated to eithe...

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