Class 45 Asset Purchased for $68,000 at the Start of Year

question 45

Essay

Class 45 asset purchased for $68,000 at the start of Year 1; Sold at the end of year 3 for $4,000.Analyze what will transpire at the end of year 3.

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Definitions:

Logic Continuity

Refers to the consistent and uninterrupted flow of logic in a control system or circuit, ensuring that operations proceed without logical breaks or errors.

Energize

To supply an electrical device or system with power or to activate a circuit, thereby enabling it to operate.

XIO Instruction

A programmable logic controller (PLC) instruction standing for "Examine if Open," used to check if a specific input or point in the circuit is off or not energized.

Processor

The central unit in a computer or mobile device that interprets and executes instructions, often referred to as a CPU (Central Processing Unit).