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



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