kebaby3802 kebaby3802

02-06-2023
Business

contestada

On 1 June 2018, Toby purchased a new truck to use in his business for $650,000. The Commissioner's effective life for the truck was 3 years. Toby decided to upgrade to a new Tesla-battery powered truck and sold his old truck to a 2nd hand truck dealer for 325,000 on 31 August 2019. Toby estimates he used his truck for business purposes for about 80% of the time. Advise Toby on the income tax consequences arising for him as a result of the disposal of the truck under BOTH: a) the Prime Cost Method; and b) the Diminishing Value Method. Assume Toby is not a small business entity.

Respuesta :

Otras preguntas

HELP WILL GIVE BRAINLIEST

The map below shows the locations of the houses of Maria Reese and Paul.what are the coordinates of Steve's house who lives 2 miles form Paul and 1 mile form Re

Drag each example to the corresponding step in the new-product development process. 1. Idea Generation 2. Concept Testing 3. Product Development 4. Market Testi

__________ skids occur when you suddenly press too hard on the accelerator and the drive wheels lose traction.

There will be 666 people at ellie's pie party. She wants to bake enough pie so that each person can eat at least \dfrac15 5 1 %e2%80%8b start fraction, 1, divid

Solve the system of equations: y = 2xy=x2-3 A. (-1,2) and (3, 2) B. (-2, -4) and (2, 4) C. (-2, 1) and (2, 1) D. (-1, -2) and (3, 6)

Bacteria and fungal spores can only contribute to indoor air pollution. a/True b/False

Trey wants to take a European vacation in 3 years. He estimates the cost to be $10,000. About how much must he save monthly in an account that pays 4% interest,

Describe this number line and the numbers and fractions shown. A number line going from negative 2 to positive 2 in increments of 1. There are 4 equal spaces be

The diagonals of a quadrilateral QRST intersect at P(2,3). QRST has vertices at Q(3,6) and R(-3,5). What must be the coordinates of S and T to ensure that QRST

Q&A Education