Ezy Fabricators Pty Ltd Is a Small Business Entity and Has

Ezy Fabricators Pty Ltd is a small business entity and has maintained a general small business pool. The opening value of this small business pool is $380,000. During the year the company sold an asset that was included in the pool, for $35,000. This asset had been originally acquired for $90,000. What is the closing balance of this general small business pool as at 30 June 2020?

A) $345,000
B) $311,500
C) $276,500
D) $231,000

Correct Answer:

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