40
WORKSHEET 2: LOW-VALUE POOL
Description of
low-value asset
(LVA)
(a)
(b)
Opening
adjustable
value (OAV)
of LVA
Taxable
use
percentage
Description of
(c)
Reduced
OAV of LVA low-cost asset (LCA)
Cost of LCA
or second element of
(a) (b)
cost of asset in pool
(d)
Second
element of
cost
(e)
Reduced
cost of LCA
Taxable
or reduced
use
second
percentage
element
of cost
[(c) or (d)] (e)
Balancing adjustment events
Description of asset
for which balancing
adjustment
event occurred
(f)
(g)
(h)
Termination
value (TV)
Taxable
use
percentage
Reduced
TV
(f) (g)
ato.gov.au
GUIDE TO DEPRECIATING ASSETS 2013
Total
N
Subtotal
A
Add closing pool balance
for previous income year
B
Sum of A and B
C
Decline in value (D + F)
G
37.5%
D
Closing pool balance
(C + E – G – H)
I*
C
Totals
M
O
E
Subtotal
E
18.75%
F
* If amount at I would otherwise be negative, include that amount
in your assessable income as a balancing adjustment amount
and reduce the amount shown at I to zero.
Q
<Totals
H