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29-05-2024
Business

Answered

Ace Accountants is a partnership that has purchased a new car for use in the partnership. The car cost $95,000 and the car was purchased on 17 March 2023 and is used 100% for the partnership business. Ace Accountants is a small business entity. What is the decline in value that the partnership can claim in its partnership tax return for the year ended 30 June 2023?
Group of answer choices
a. $8,637
b. $64,741
c. $95,000
d. $59,136

Answer :

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