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Hello.
Can anyone explain on how to get the written down value of $31m?
Any assistance would be much appreciated. Thank you.
Cost is 800M
There is 50% first year allowance which brings the written down value to 400M
Then it is 40% reducing balance, so 160 (40% x 400) the following year, bring it down to 240.
96 (40% x 240) the following year, bringing it down to 144.
57.6 (40% x 144) the following year,bringing it down to 86.4.
34.6 (40% x 86.4) the following year, bringing it down to 51.8.I will let you do the final year yourself 🙂
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