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P16 Did your business dispose of any depreciable assets?

Last updated 28 April 2003

No-Go to item P17.

Yes-Read on.

What you need to know

Include the value of each depreciable asset sold, lost or destroyed during the income year. The value shown is to be the lesser of the written down value at the date of disposal or the amount received. If these amounts are the same, show that amount.

Exclude sale of buildings and assets used to produce exempt income.

Step 1

Add up the value of all depreciable assets sold, lost or destroyed by each business.

Step 2

Write the amount at item P16 on your schedule. Do not show cents.

QC83570