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

Warning:

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.

Note

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