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

    Attention

    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.

    Last modified: 01 Jul 2003QC 27491