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

Last updated 20 October 2002

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.

QC27435