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Smalls Pty Ltd is a photography business. On 15 August of the current tax year,...

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Accounting

Smalls Pty Ltd is a photography business. On 15 August of the current tax year, it acquired a laser printer costing $11,000 (5-year life) and a camera equipment costing $300 (8-year life) for 100% use in the business. What is the maximum decline in value deduction that can be claimed by Smalls Pty Ltd in relation to the above assets for the current tax year? Your answer must be rounded to the nearest number, including both "$" and ",".

Answer from lecturer is $4158 based on Australian Taxation

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