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Does anything prevent electing for all non-AIA/FYA assets to be short life assets?
I appreciate its a bit more work, but a simple spreadsheet would make it v simple to manage.
Worst case scenario seems to be that they would drop into the main pool at 8 years if not sold?
Thanks
You would only bother to make the election when it was likely that the asset would have that shorter life and critically when it was likely to be sold for less than its then tax wdv.
So long as the asset qualifies for short life treatment then of course you are entitled to make the election.
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