Assets each costing less than $1,000
At A, write the total cost of all depreciating assets:
- that cost less than $1,000 each, and
- for which you are claiming a deduction for decline in value for the first time this income year.
Your amount should include the cost of any low-cost assets you have allocated to a low-value pool for this income year. Do not reduce the cost for estimated non-taxable use.
Do not include motor vehicles; these are included at item 3.