# Worked Example — Bounty #03

**Companion file to:** `01-brief.md`

## The scenario

**Taxpayer:** DEF Cafés Pty Ltd
**Financial year:** FY2024–25 (year ending 30 June 2025)
**Aggregated turnover for FY2023–24:** $2.4M (well under the $10M SBE threshold)
**Assets purchased during FY2024–25:**

| # | Asset | Cost (GST-excl) | Date acquired | Date first used |
|---|---|---:|---|---|
| A | Espresso machine (commercial, single group) | $18,900 | 12 Aug 2024 | 15 Aug 2024 |
| B | POS terminal | $2,300 | 12 Aug 2024 | 15 Aug 2024 |
| C | Under-counter dishwasher | $8,400 | 20 Nov 2024 | 25 Nov 2024 |
| D | Coffee grinder (matching set with A, purchased together) | $4,200 | 12 Aug 2024 | 15 Aug 2024 |
| E | Delivery scooter | $19,850 | 3 Mar 2025 | 20 Jul 2025 |

## The engine's determinations

**Asset A (espresso machine, $18,900):**
- SBE test: PASS (aggregated turnover $2.4M < $10M)
- Cost test: PASS ($18,900 < $20,000)
- Held-ready-for-use before 30 Jun 2025: PASS (first used 15 Aug 2024)
- **Verdict: IAWO ELIGIBLE. Deduction $18,900 in FY2024–25.**

**Asset B (POS terminal, $2,300):**
- All tests PASS.
- **Verdict: IAWO ELIGIBLE. Deduction $2,300 in FY2024–25.**

**Asset C (dishwasher, $8,400):**
- All tests PASS.
- **Verdict: IAWO ELIGIBLE. Deduction $8,400 in FY2024–25.**

**Asset D (coffee grinder, $4,200):**
- On its face, all tests PASS.
- **BUT:** Asset A + Asset D might arguably be "a set" — the calculator flags this for reviewer inspection.
- Engine current verdict: IAWO ELIGIBLE (treats each asset individually per s 328-180).
- **This is the load-bearing question for the bounty.**

**Asset E (delivery scooter, $19,850):**
- Cost test: PASS ($19,850 < $20,000).
- Held-ready-for-use before 30 Jun 2025: **FAIL** (first used 20 Jul 2025).
- **Verdict: IAWO NOT ELIGIBLE in FY2024–25.** Will be considered under FY2025–26 rules (assuming the regime continues; otherwise ordinary Division 40 depreciation).

## The engine's total FY2024–25 IAWO deduction

$18,900 + $2,300 + $8,400 + $4,200 = **$33,800**