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Taxpayer conducts a business and has a turnover of $55m. On 1 September 2019...

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Accounting

Taxpayer conducts a business and has a turnover of $55m.

On 1 September 2019 the taxpayer purchases a car, that is used 80% for business purposes. The car costs $80,000 and has an effective life of 8 years.

What is the maximum deduction available to the taxpayer in 2020 ?

Select one:

a. $46,065

b. $4,783

c. $64,000

d. $11,957

e. $9,565

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