Tax Law Improvement Act 1997 (121 of 1997)
Schedule 6 Depreciation
Part 2 Consequential amendment of the Income Tax Assessment Act 1997
3 Section 10-5 (table item headed 'depreciation')
Repeal the item, substitute:
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depreciation |
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excess of termination value over written down value |
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generally |
42-190 |
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for some cars |
42-240 |
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lesser of termination value or cost (pooled plant) |
42-390 |
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