Ballet Pte Ltd acquired the following items of plant and Machinery, all from GST registered traders except paper shredder, which was purchased from a non registered trader for the quarter ended 31 March 2020. Description Cost (inclusive of 7% GST) Canon Printer $3,959 Paper Shredder $2,880 Boutique table $984.40 Machinery $11,877 Ballet Pte Ltd will claim its capital allowance to the maximum. Assuming the financial year ends on 30 June every year, determine the maximum capital allowance which can be claimed for the year of Assessment 2021 (to the nearest dollar). Assume paper shredder claimed by S19A, and Canon printer is not claimed under S19A. a. $6,567 b. $6,200 c. $4,967 d. $8,667

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
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Ballet Pte Ltd acquired the following items of
plant and Machinery, all from GST registered
traders except paper shredder, which was
purchased from a non registered trader for
the quarter ended 31 March 2020.
Description Cost (inclusive of 7% GST)
Canon Printer $3,959
Paper Shredder $2,880
Boutique table $984.40
Machinery $11,877
Ballet Pte Ltd will claim its capital allowance
to the maximum. Assuming the financial year
ends on 30 June every year, determine the
maximum capital allowance which can be
claimed for the year of Assessment 2021 (to
the nearest dollar). Assume paper shredder
claimed by S19A, and Canon printer is not
claimed under S19A.
a. $6,567
b. $6,200
c. $4,967
d. $8,667
Transcribed Image Text:Ballet Pte Ltd acquired the following items of plant and Machinery, all from GST registered traders except paper shredder, which was purchased from a non registered trader for the quarter ended 31 March 2020. Description Cost (inclusive of 7% GST) Canon Printer $3,959 Paper Shredder $2,880 Boutique table $984.40 Machinery $11,877 Ballet Pte Ltd will claim its capital allowance to the maximum. Assuming the financial year ends on 30 June every year, determine the maximum capital allowance which can be claimed for the year of Assessment 2021 (to the nearest dollar). Assume paper shredder claimed by S19A, and Canon printer is not claimed under S19A. a. $6,567 b. $6,200 c. $4,967 d. $8,667
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