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  • Item 1: Total cost of depreciating assets (excluding motor vehicles)



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Assets each costing less than $1,000

    At A, write the total cost of all depreciating assets:

    • that cost less than $1,000 each, and
    • for which you are claiming a deduction for decline in value for the first time this income year.

    Your amount should include the cost of any low-cost assets you have allocated to a low-value pool for this income year. Do not reduce the cost for estimated non-taxable use.


    Do not include motor vehicles; these are included at item 3.

    Last modified: 01 Jul 2003QC 27491