short life asset-capital allowance

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June 22, 2020 at 1:27 pm #574467

Noah098
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The short life asset is kept in a single asset pool.

Sir what does the aforementioned sentence means? only one short life asset can be put in one column under the heading?

June 23, 2020 at 1:18 pm #574530

Tax Tutor
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Each short life asset must have its own individual computation – if 2 short life assets acquired then each one must have its own individual column within the CA computation
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