A low-value pool cannot be written off. It will be depreciated for the life of its value. If a low-value pooled asset is disposed of, you will still complete the individual assets disposal details within the Depreciation Worksheet. Adding disposal details will automatically adjust the Pool Closing Balance. Please refer to the ATO website for more information: Low-Value assets.
HandiTax - Write off a low value pool in HandiTax
Updated over a month ago