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Depreciation

Low value depreciating asset pooling - adding assets from prior years (CO_003)


Description
After completing this course (watching this video, and reading the accompanying material) you will be able to:

1. Describe the attributes that a depreciating asset must have to be eligible to be allocated to a low value pool
2. When reviewing a depreciating asset register for a taxpayer who uses low value pooling, identify which assets acquired in prior years can be allocated to the pool
3. Of those assets that can be allocated to the pool, choose which assets should be allocated to the pool

CPD Time: 30

Content
  • Video - Low value depreciating asset pooling - adding assets from prior years
  • Materials - Low value depreciating asset pooling - adding assets from prior year
  • Test - Low value depreciating asset pooling - adding assets from prior years
Completion rules
  • All units must be completed