(Answered) Problem - on 12 february 2016 greg an employee purchases a

Accounting

Problem - On 12 February 2016, Greg, an employee, purchases a new computer that he uses 40% for work purposes. The invoice shows the following amounts (inclusive of GST).

Desktop computer $5,000

Inkjet printer $250

Computer software $1500

Delivery fee $100

Maintenance contract (12 months) $400

$7250

Greg prefers to calculate decline in value using the diminishing value method

What deductions can Greg claim for the 2015/16 income year?

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