• Depreciating asset you stop using or never use

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    The termination value of a unit of in-house software you still hold but stop using and expect never to use again, or decide never to use, is zero - see In-house software.

    For any other asset, if you stop using it and expect never to use it again but still hold it, the termination value is the market value when you stop using it. For a depreciating asset you decide never to use but still hold, the termination value is the market value when you make the decision.

    Last modified: 01 Oct 2006QC 27597