Problem
Hannah sold equipment from her factory on 31 May 2020 for $9200. Theequipment had originally cost $11000 and was depreciated using the primecost method using an effective life of 5 years. The opening adjustable value was $6000 on 1 July 2019. Decline in value on Hannah's other assets was$1700.
What is the deductible or assessable income amount?