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Case Study: Greg acquires an industrial chemical mixer for $9,800 for his manufacturing business and has it installed and ready for use on 26 July 2021 (assume 100% taxable purpose). Costs associated with the purchase and installation of the mixer below;
Installation costs: $1,000
Transport and insurance costs for delivery: $650
The effective life of the mixer is 6 years, and Greg's business is registered for GST.
Required:
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