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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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