a) ASSET

Add to LVP

Reason for decision

Double Bass

No

CAV of the last year is more than $1000

Software

No

depreciation has been claimed using prime cost method so that ca

Violin

Yes

Laptop

No

Violin

Yes

b) ASSET
Violin
Violin
127.84
Metronme
Double bass Case

Decline in value rate 66.67% is higher than low value pool rate 37

$ VALUE

RATE
948
935
450
800

18.75
37.5
18.75
9.375
861.4

c) Items not pooled

ASSETS
Double bass
Software
violin
Laptop
116.25
Piano
5
581.25

ACQUSITION DATE
COST
2/10/2008
10/5/2009

15/10/2012

OAV
1,795
1,009

3540

6480

1,210
641
948
931

sing prime cost method so that cannot be added

gher than low value pool rate 37.5%

920.93
18804.26
1250.97

6253.25

36750

20055.23

321.25

2500
375

107
2505
2500
0.02
37.50

678.75
EFFECTIVE LIFE RATE
PC
20
10%
4
25%
20
10%
3
67%
20
10%

DV

TAXABLE USE
PC
50%
20%
95
50%
620.67
60%
75
25%

DV

121

253

51

51

258

28259
18369.22

2927.632

65%

CWDV
CAV
1,149.0
1,089
590.0
641
48.00
900.0
853
373.00
558.0
310
19
3,521.0
3,465
501
61

Asset
HOLDEN

16
31
30
77

Method
12% cost
1/3 expenses
Log book
Cents per KM

Maximum claim available

3310.8
3,680.00
7,176.00
3700

Workings
12%x27590
10986/3
Answer e
5000*0.74

Acqusition
date
2/2/2011

621

1824
86
1910

0.65003

Cost
$
27,590

OAV
$
18,564

Effective
Life
8

Rate
$
25%

DV
$
4,641

Taxable
Use
65%

DV
$
3,017

372.6
3417
4641
2928
10986

3471
4641
2928
11040

7140.9
11040

7,176.00

74.67945205
18.66986301

28259
18368.35

717600
29.98501

28259
18368.35
46.14286
2927.6324

0.650030713

366
1095
1461
365
1826

185000

370000

CWDV
$
15,547

CAV
$
13,923