A New Zealand business has a taxation balance date of 31 March. On the 30 January this year the business purchased a new asset for $66315….

Published by admin at October 5, 2023

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1. A New Zealand business has a taxation balance date of 31 March. On the 30 January this year the business purchased a new asset for $66315. Installation costs were $5215. The allowable straight-line depreciation rate is 23.9% per annum for tax purposes. What is the maximum depreciation the business will be able to claim in its tax return this year?

A New Zealand business has a taxation balance date of 31 March. On the 30 January this year the business purchased a new asset for $66315….

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