INCOME TAX ASSESSMENT ACT 1997 - SECT 40.125 Merging depreciating assets

INCOME TAX ASSESSMENT ACT 1997 - SECT 40.125

    If a * depreciating asset or assets that you * hold is or are merged into another depreciating asset, this Division applies as if you had stopped holding the original asset or assets and started holding the merged asset.

Note 1:   For the cost of the merged asset, see section   40 - 210.

Note 2:   A balancing adjustment event does not occur just because you merge depreciating assets: see section   40 - 295.