Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Calculate the amount of depreciation loss for the year ended
Assignment Instructions
Assignment ID: FG132995847
Problem – Jason Day commenced a business on 1 April 2018 and would like to claim maximum depreciation for the assets, which he purchased for his new business shown below.
Asset | Date of acquisition | Cost ($) |
Oven | 3 April 2018 | 20,000 |
Trays | 10 May 2018 | 1,250 |
Van | 19 May 2018 | 45,000 |
Tins | 11 November 2018 | 700 |
Slicing Machine | 8 January 2018 | 8,000 |
Inland Revenue’s depreciation rates
Item | DV depreciation Rate (%) | SL depreciation rate (%) |
Oven | 10 | 7 |
Trays | 40 | 30 |
Van | 20 | 13 |
Tins | 40 | 30 |
Slicing Machine | 13 | 8.5 |
Required – Calculate the amount of depreciation loss for the year ended 31 March 2019 for Jason’s business assuming the pool method is used for all assets costing $5,000 and under.
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