Taxation Laws Amendment Act (No. 4) 2002 (53 of 2002)
Schedule 4 Effective life of depreciating assets
Part 1 Amendments
Income Tax Assessment Act 1997
1 At the end of subsection 40-95(1)
Add:
Note: If you choose to use an effective life determined by the Commissioner for a depreciating asset, a capped life may apply to the asset under section 40-102.
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