INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 40 - Capital allowances  

Subdivision 40-C - Cost  

Operative provisions

SECTION 40-210   40-210   Cost of merged depreciating assets  


If a * depreciating asset or assets that you * hold is or are merged into another depreciating asset as mentioned in section 40-125 , the first element of the cost of the merged asset is a reasonable proportion of the sum of:


(a) the * adjustable value or adjustable values of the original asset or assets just before the merger; and


(b) the amount you are taken to have paid under section 40-185 for any economic benefit involved in merging the original asset or assets.


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