DKN Pty Ltd owns machinery that has an effective life of 10 years….

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Question Answered step-by-step DKN Pty Ltd owns machinery that has an effective life of 10 years…. DKN Pty Ltd owns machinery that has an effective life of 10 years. The written down value of the machinery as at 1 June 2021 was $51,850. On 1 June 2021, the company sold the machinery for $56,000. Does DKN Pty Ltd have to include any amount into assessable income or is it able to claim a deduction for the disposal of the machinery? a.$4,150 deduction allowed  b.$5,141 deduction allowed  c.$415 to include in assessable income  d.$4,150 to include in assessable income    Law Social Science Tax law BUSINESS S BUSN3054 Share QuestionEmailCopy link Comments (0)

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