Decided existing accommodation was inadequate

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In 2013 the company's board of director decided existing accommodation was inadequate and it resolved to construct a purpose build facility. in that year 250000 was paid for preliminary architecture designs.in 2014 land costing $1.2 m was acquired and 50000 paid to demolish an existing structures. construction of the new premises commenced on 1 September 2014 at a cost of 2.5 m. fitting and equipment was installed on 1 june 2015 operation began on 1 aufust 2015 one site car parking costing 125000 was completed on 30 September and landscaping of site was completed on 31 january 2016 at a cost of 40000

what deduction are available for expenditure set out in item given above in a relation to australian system?

Reference no: EM131224066

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