Only complete this item if the company is a small business entity using the simplified depreciation rules.
Small business concessions: changes to simpler depreciation rules
Recent changes to the law mean that from 7:30pm on 12 May 2015 until 30 June 2018 the instant asset write-off threshold for small business entities has increased from $1,000 to $20,000.
To complete this item use the amounts the company calculated for small business entity depreciation deductions at X Depreciation expenses item 6. For more information, see Small business entities.
A Deduction for certain assets (costing less than $20,000)
Write at A the total amount the company claimed at item 6 relating to assets costing less than $20,000 for which an immediate deduction is available.
B Deduction for general small business pool
Write at B the total amount the company claimed at item 6 relating to the general small business pool.