Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 40.210

Cost of merged depreciating assets

                   If a * depreciating asset or assets that you * hold is or are merged into another depreciating asset as mentioned in section 40- 125, the first element of the cost of the merged asset is a reasonable proportion of the sum of:

                     (a)  the * adjustable value or adjustable values of the original asset or assets just before the merger; and

                     (b)  the amount you are taken to have paid under section 40-185 for any economic benefit involved in merging the original asset or assets.



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