Asset Capital Allowances Schedule Overview
There are three reports available and these reports comply with the ATO’s reporting requirements for depreciating assets, Low Value Pool and Capital Allowances schedule for the Current Year.
In Australia as of the Tax year 2010 – 2011 there have been some changes to the way depreciation for assets is to be reported to the ATO.
- When this Asset Capital allowances Report is selected the following pop up dialog is displayed containing a drop down menu with 3 options.
- CAS Worksheet 1: Depreciating Assets.
- CAS Worksheet 2: Low-Value Pool.
- Capital allowances schedule for the current financial year.