Author: BlakeATO(Community Support)Community Support 22 Oct 2021Hi @J1 You become entitled to a deduction when you incur the expense. Generally, even on payment instalments, you will have "incurred" the expense sooner, and then elected to make payment by instalments. Think of it like when you use a credit card for the business - the cost is still deductible when it's paid, even if it's by credit/loan. The depreciation starts from the day it is first held by the business for its full value, even if the business has yet to make the full payment for the asset at that time.
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