Can I apportion below depreciation threshold?

[Luke]

Greetings all,

Last tax year I bought a $600 camera. I calculate that 40% of that use is deductible. So can I claim $240 in the same year I bought it, or does it need to be depreciated (DIV) first, then apportioned?

I do not have a low-value pool in operation (and want to avoid it)

Thanks,
Luke

 

[DaleGG]

Hi Luke

As a rule of thumb, I would depreciate the $600 and allow 40% of the annual depreciation as deductible.

Sorry

Dale

Originally posted by Luke
Greetings all,

Last tax year I bought a $600 camera. I calculate that 40% of that use is deductible. So can I claim $240 in the same year I bought it, or does it need to be depreciated (DIV) first, then apportioned?

I do not have a low-value pool in operation (and want to avoid it)

Thanks,
Luke

 

[hwd007]

are you using 33% low value pool rate ?

$600 * .33 * .40 = $79.20 claimable ?