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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.
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