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A taxpayer owns a large business with less than $5 billion turnover. He has an Opening Balance in an existing Pool of $180,000. He has
A taxpayer owns a large business with less than $5 billion turnover. He has an Opening Balance in an existing Pool of $180,000. He has purchased the following 2 items on 1 November of the current income year: Asset X at the cost of $900. It has a life expectancy of 15 years. Asset Y at the cost of $145,000. It also has a life expectancy of 15 years. The taxpayer would like to use the low-value
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