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Chapter 4

Question 6

Tax-allowable depreciation

How would your answer to the previous question change if the sales proceeds
for the asset at the end of the project had been $15,000

tax rate 1 year in
30% arrears

First three years as before
––––––

tax WDV 10,546
sales proceeds 15,000

balancing charge (4,454) (1,336) t5

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