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Item 1: Total cost of depreciating assets (excluding motor vehicles)

Last updated 30 June 2003

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.