What is the deduction amount that stan claim


Question: Stan purchased a $2,500 laptop on 2 April 2022 and first used it on that day. He uses the laptop 75% for work purposes in his job as a law lecturer. . The effective life of the laptop is 3 years. Stan wishes to use the diminishing value method. What is the deduction amount that Stan claim for the decline in value of the laptop in the 2022 income tax year and the following income tax year?

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the deduction amount that stan claim
Reference No:- TGS03426799

Expected delivery within 24 Hours