- This topic has 3 replies, 2 voices, and was last updated 8 years ago by
.
- Posts
Like any other item of plant and machinery but if AIA already used up on other assets then the short life asset election would be worthwhile given that they have a short life and usually little or no residual value.
U mean its 1) qualify for aia
Then remaining qualify for special rate pool of 8% ? Or non pool 8% ?Is the priority for computer for AIA or other assets first?
Am still not clear please provide detailed explanation regarding computer.
Computers qualify for AIA but if AIA used by other P&M then rather than taking cost to MAIN pool for 18%WDA, a short life asset election may be made that will again give 18% WDA while assets still owned but then will give a balancing allowance on disposal – this is the reason for making the de-pooloing election when an asset with a short life has a low residual value.
- You must be logged in to reply to this topic.