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What’s the difference between electing fir short life asset and not electing for it? Is it something to do with it not being included on aia and being treated separately?
This is explained in the OT study notes and lectures – chapter 5, section 7.2, page 31.
If expenditure is available for AIA you would NOT make the short life asset election, as 100% of the expenditure is relieved. If insufficient AIA is available and a short life asset is acquired then the election is worthwhile
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