Item P18 - Other depreciating assets first deducted

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

The Depreciation worksheet (d) will integrate the cost of all assets where the type selected is Motor vehicle, Exploration\Prospecting tangible, Personal use, Collectable, or Other tangible asset, the start date for decline in value is in the current tax year and integration is selected.

This is for all assets whether allocated or not allocated to a low-value pool. Refer to Depreciation worksheet (d).

An amount of net PP or non-PP business income must be present, if any amount is present at item P16 - Other depreciating assets first deducted.