Div 40 substituted for Divs 40, 41 and 42 by No 76 of 2001.
Subdiv 40-E inserted by No 76 of 2001.
SECTION 40-420 What this Subdivision is about
You may choose to work out the decline in value of low-cost assets (assets costing less than $1,000) and certain other depreciating assets through a low-value pool.
You may also choose to deduct amounts for expenditure you incur on in-house software through a software development pool.
S 40-420 inserted by No 76 of 2001.