• Which depreciating assets can you allocate to a low-value pool?

    From 1 July 2001 you can allocate to a low-value pool depreciating assets that cost less than $1000 (low-cost assets), and depreciating assets that are not low-cost assets, but:

    • have an opening adjustable value of less than $1000
    • you have previously worked out deductions using the diminishing value method (low-value assets).

    An asset can still be a low-value asset even though it was acquired before the start of the UCA system on 1 July 2001.

      Last modified: 15 Apr 2016QC 16455