Depreciation of Small Items

The acquisition of small items of equipment and stationery (eg ladders, screwdrivers, hole punches, staplers etc) costing less than $100 are deductible in full. For items costing less than $1,000, these will be depreciated using a Low Value Pool. For those accounting for income using the Small Business Entity (SBE) Concessions, items acquired between 7.30pm (AEST) on 12 May 2015 and 30 June 2018 costing less than $20,000 will be deductible in full. In general, those small businesses who have purchased assets outside of these dates can immediately write-off assets costing less than $1,000.