• Item 1 - Depreciating assets (excluding motor vehicles) Assets each costing less than $1000

    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

    Label A

    Write at A the total cost of all assets (other than motor vehicles) costing less than $1,000 each for which you first claimed a deduction for decline in value in this income year.

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

    Last modified: 21 Oct 2002QC 27435