Computer had an opening adjustable value

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Question: Sarina sold a computer on 1 July 2016 for $2,000. The computer had an opening adjustable value of $3,200 and was used 80% for business throughout its life. ( b ) Ian sold a mobile phone on 1 July 2016 for $400. The phone had an opening adjustable value of $250 and was used 90% for business throughout its life. ( c ) Donal sold a BMW on 1 July 2016 for $40,000. The car had an opening adjustable value of $35,000 and had been purchased in June 2012 for $90,000. It was used entirely for business purposes. ( d ) Gina sold a Toyota Landcruiser on 1 July 2016 for $22,000. The car had an opening adjustable value of $20,500 and had been purchased in April 2011 for $65,000. It was used entirely for business purposes.

Reference no: EM133610945

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