Fast Express Couriers Pty Ltd Is a Courier Business but Which

Fast Express Couriers Pty Ltd is a courier business but which is not a small business entity. On the 1 July 2019, it acquired two new vans each costing $22,000 (each with an 8-year life) and some office equipment costing $14,000 (5-year life) for 100% use in the business. What can Fast Express Couriers Pty Ltd claim in relation to the purchase of the above assets for the 2019/20 tax year?

A) $11,100
B) $14,500
C) $16,600.
D) $23,200

Correct Answer:

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