Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. urgent!! claire owns and operates a veterianary su

URGENT!! Claire owns and operates a veterianary surgery. During the year ended 30 june 2020...

60.1K

Verified Solution

Question

Accounting

URGENT!!

Claire owns and operates a veterianary surgery. During the year ended 30 june 2020 she inaccured the following expenditure. 10 August 2019 re-plumbing of surgery due to faulty pipes $4700

16 October 2019 replace linoleum floor in surgery due to water damage from burst pipe $1800

2 dec 2019 painting worn exterior of surgery $5600

1 march 2019 sealing surgery car park which was previously dirt $15400

Explain the treatment of repair versus capital improvement using the above facts. Calculate the total deduction available to claire for the year ended 30 june 2020 are ( to the nearest dollar):

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

Basic Math
1.2K views

One part of this question I am getting wrong. I'm assuming it's the test statistic? I...

Geometry
1.2K views

In geometry a solid may exist in a plane A True B False

Calculus
1.2K views

Determine the mean median mode and midrange of the set of data 54 47 34...

Calculus
1.2K views

Differentiate y 1 x O 4x 1 3x x x 4 x 1 x 1...

Algebra
1.2K views

a n the n th term of the sequence 27 9 3 dots

Accounting
1.2K views

no other info besides this Current Attempt in Progress Starbucks sells coffee beans, which...

Accounting
1.2K views

The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and...

Accounting
1.2K views

what are cost drivers? What is their role in an activity-based costing system? What are...

Accounting
1.2K views

The following information applies to the questions displayed below.] Bodin Company manufactures finger...

Accounting
1.2K views

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made...

Accounting
1.2K views

Ramesh used to work in an auto manufacturing company as an assembly line worker. However,...

Accounting
1.2K views

1. Which of the following statements concerming variable life insurance is correct? a. Variable whole...