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Other information regarding Himanshus Business

Note 1) Himanshu uses plant and equipment in his business as follows. Himanshu wishes a maximum deduction for 2019/20 tax year. Ignore SBE concession. You must show clearly decline value to claim this year and closing adjustable value balance of the each asset in the word report.

Assets	Cost ($)	Purchase date	Effective life	Adjustable vale (30/6/2019)	Business usage	DIV method
Mobile phone	3,000	1/6/2018	4 years	2,188	60%	Diminishing Value
Office Furniture	15,000	1/6/2018	10 years	13,375	100%	Prime Cost

Laptop Computer	4,000	1/8/2020	3 years		100%
Printer	150	1/3/2020	2 years		100%

Part C: Regarding his Rental property

Himanshu purchased a house as a residential investment property on the 1st of July 2019. Purchase price of the property was $300,000 comprised of the following payments. All amounts include GST where applicable.

• Land and buildings $276,800
• Depreciable assets adjustable value on the 1st of July 2019 (See Note 1)

- Carpets	$5,000
- Hot water system electric	$1,200
- Ceiling fans	$1,600
- Barbecue (fixed)	$1,400
- Window blinds internal	$8,000
- Window curtains	$6,000
	$300,000

Remaining part will be uploaded in next question tittle Remaining

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