Item P15 - Intangible depreciating assets first deducted

See Item P15 - Intangible and depreciating assets first deducted on the ATO website. You may need to expand the list in the left-hand panel and scroll to P15.

Small Business Entities using the simplified depreciation rules - do NOT complete this item.

Click label I to open the worksheet (it) which provides access to the Depreciation worksheet. See Intangible/Tangible depreciating assets worksheet (it).

The Depreciation worksheet (d) will add up the value of all Intangible depreciating assets first deducted where the Type selected is Intangible; the start date for decline in value is in the current income year; and integration has been selected. See to Depreciation worksheet (d).

An amount of net PP or non-PP business income must be present, if any amount is present at item P15 - Intangible depreciating assets first deducted.

CCH References

17-015 Depreciating assets

17-270 Effective life of asset

17-280 Statutory effective life