User Account

All Pages

What is the maximum depreciation the business

Assignment Help Finance Basics
Reference no: EM132022856

A New Zealand business has a taxation balance date of 31 March. On the 30 January this year the business purchased a new asset for $101021. Installation costs were $14878. The allowable straight-line depreciation rate is 18% per annum for tax purposes. What is the maximum depreciation the business will be able to claim in its tax return this year? (The allowed rounding error for this question is within 1%. Please round your answer to the nearest dollar but exclude $ and , when typing your answer.)

Reference no: EM132022856

Questions Cloud

What are some good and bad lifestyle choices : Are there different perspectives on health and wellness that maybe affect these choices?
What are some ethical issues around modern geographic tools : What are some ethical issues around modern geographic tools like GPS? Have you ever had a misunderstanding because of a clash of cultures?
What is its level of inventory : Soaring Eagles Corp. has total current assets of $11,128,000, current liabilities of $5,354,000 and a quick ratio of 0.82.
What is the project profitability index : The project's initial investment is $31409 and the firm's weighted average cost of capital 9.7 per cent. What is the project's profitability index?
What is the maximum depreciation the business : What is the maximum depreciation the business will be able to claim in its tax return this year?
Do you think that a vegetarian diet would be costlier : Vegetarian diets are associated with a lower risk of obesity and diabetes as well as other chronic conditions (Marsh, Zeuschner, & Saunders, 2012).
Explain the legal duties of directors and officers : Legal Duties of Directors and Officers (a heading from policy document). Explain the legal duties of directors and officers to the corporation, including.
New issue of common stock : A new issue of common stock: The required return on the company's new equity is 15.3 percent.
Create a presentation that you will present to the class : A statistical study in your field of interest: For this topic, you are to make a presentation that discusses a statistical study in your field of interest.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd