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What is the maximum depreciation the business

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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: EM132017038

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