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11-04-2024
Business

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On 1 November 2022, Gerri purchased a lightweight exercise bike that she uses to train clients in their own homes at a cost of $3,000 The bike has an effective life of 5 years, What is the maximum deduction available to Gerri in respect of the bike for the 2023 income year?
• A. $ 800
• B. $ 400
• C. $ 600
• D. $1,200

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