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Small Pty Ltd is an SBE business taxpayer that leases most of its assets. However,...

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Accounting

Small Pty Ltd is an SBE business taxpayer that leases most of its assets. However, Small Pty Ltd acquired the following assets during the year.
Asset A was acquired on 1 July of current year. It has a life expectancy of 8 years and cost $1,500.
Asset B which was bought on 1 November CY at the cost $10760. It has a life expectancy of 15 years.
Asset C was bought on 1 December CY at a cost of $30,000. It has a life expectancy of 12 years.
Asset D bought on 1 August CY for $220,000, and the asset has an effective life of 8 years.
State ALL the answers that are CORRECT.
Small Pty Ltd will be able to write off immediately Assets A and B.
Small Pty Ltd can allocate both Assets A and B to a Low-Value Pool and depreciate them at 15%.
Small Pty Ltd can create a single pool and place Asset C and D into that pool and claim depreciation at the rate of 30% for the current year.
Small Pty Ltd can create a single pool and place Asset C and D into that pool and claim depreciation at the rate of 15% for the current year.

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