Smalls Pty Ltd is a photography business which is also a small business entity. On the 1 July 2019, 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.
The maximum depreciation deduction that can be claimed by Smalls Pty Ltd in relation to the above assets for the 2019/20 tax year is:
A) $6,900
B) $21,000
C) $4,400
D) $2,500
Correct Answer:
Verified
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