Prepare the uniform capital allowance schedule for Dolly

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Reference no: EM132698010

Question - Dolly is a freelance photographer running her own sole trader business.

She has the following existing plant and equipment recorded on her uniform capital allowances schedule

Plant on hand

Item	Cost $	OAV at 1.7.2019	Rate
Furniture office	14,600	6,000	10% diminishing value
Film equipment	25,000	18,000	40% diminishing value
Editing equipment	30,000	22,000	20% diminishing value
Computer System	12,000	6,000	20% prime cost

During the year she made some new purchases and disposals are as follows:

Purchases

Item	Purchase date	Price $	Effective life
Film Equipment	1.10.2019	35,000	4 years
Camera 1	16.1.2020	5,800	5 years
Camera 2	1.6.2020	1,500	2.5 years

Sales

Item	Sale date	Sale price $
Film Equipment	1.10.2019	32,000
Furniture Office	5.5.2020	4,000
Camera 1	30.6.2020	5,000

Required - Prepare the uniform capital allowance schedule for Dolly based on the above information and taking into account she does not wish to use any SBE concessions.

Reference no: EM132698010

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