Sharon, an employee acquired a laptop on 1 July of the current year to be...

90.2K

Verified Solution

Question

Accounting

Sharon, an employee acquired a laptop on 1 July of the current year to be used at home to complete work at home she was unable to finish at her workplace. It cost $990. Its effective life is 4 years. The laptop was used 100% for work related purposes. She is not sure whether she should create a low-value pool. How much deduction can Sharon claim during the current year for the decline in value of the laptop if she wishes to minimise her taxable income?
$990
$186
$371
$495

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students