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Calculate the depreciation tax benefit-saving

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Reference no: EM132610860

Trickster Holdings purchased an asset costing $1,480,622. Freight costs of $61,647 and installation costs of $40,833 were also required to place the machine in an operational state.

The firm expects to use the asset for 7 years and the Taxation Office advises the asset has a useful life of 9 years.
Calculate the depreciation tax benefit/saving (to the nearest whole number ignoring the $ sign) that will apply in each allowable year.

The Australian Company Tax Rate applies.

Reference no: EM132610860

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