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Explain why fridges ltd can or cannot claim a deduction

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Reference no: EM132952740

Question - Fridges Ltd manufactures drink fridges in a factory in Christchurch. In September Fridges Ltd imported a large machine which has allowed it to expand its business by also manufacturing for sale frozen icy drinks known as 'slushys'. The machine cost $45,000. One of the Fridges Ltd's employees spent two weeks installing and testing the machine. It is expected that Fridges Ltd's profitability will increase significantly as a result of the installation of this machine. Explain why Fridges Ltd can or cannot claim a deduction for the cost of installing the machine.

Reference no: EM132952740

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