Hi,
I have a depreciation schedule for my small business which I have used the diminishing value method in previous years. I also have been able to depreciate other assets off using the simplified depreciation rules for small business. My question is can i bring items from the depreciation schedule forward and fully depreciate them this year or are they to remain on the schedule?
If using the simplified depreciation rules, all assets must be added to the pool. So those assets currently depreciating under their own schedules need to be added to the pool. See below.
Simpler depreciation rules for small business | Australian Taxation Office
If using the simplified depreciation rules, all assets must be added to the pool. So those assets currently depreciating under their own schedules need to be added to the pool. See below.
Simpler depreciation rules for small business | Australian Taxation Office
22 Apr 2024 · 6 min read time
15 Apr 2026 · 5 min read time
15 Apr 2026 · 4 min read time
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