bought a camera for my Video Production company. How much of it can I deduct?

The deduction for items was only 10%. Does that sound correct?

Answer

Yes, if you added an item to Class 8 - Furniture & Equipment, you are entitled to a 20% CCA deduction for this item. In the year you "added" the item, the "Half-year rule" applies and you will only see a 10% deduction.

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