• Are there any depreciating assets you cannot allocate to a low-value pool?

    You cannot allocate the following depreciating assets to a low-value pool:

    • assets for which deductions have been calculated using the prime cost method
    • horticultural plants (including grapevines)
    • assets for which you can deduct amounts under the simplified depreciation rules
    • assets that cost $300 or less for which you can claim an immediate deduction.
      Last modified: 15 Apr 2016QC 16455