Div 27 inserted by No 176 of 1999.
Subdiv 27-B (heading) substituted by No 41 of 2005.
Subdiv 27-B inserted by No 77 of 2001.
SECTION 27-90 Cost or opening adjustable value of depreciating assets increased: increasing adjustments
(a) the entity can deduct amounts for a *depreciating asset under Division 40 or 328; and
(b) the entity has an *increasing adjustment in an income year that relates directly or indirectly to the asset.
Note:See instead section 27-92.
See instead section 27-92.
S 27-90(3) amended by No 119 of 2002.
(a) a depreciating asset allocated to a low-value pool or a pool under Division 328 for or in the *current year; or
(b) *in-house software if expenditure on the software is allocated to a software development pool for the current year; or
(c) a project pool.
S 27-90 inserted by No 77 of 2001.