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Rantings due to closure of mental institutions.
Created on 2004-12-30 04:06:18 (#5594142), last updated 2007-01-17
262 comments received, 1,278 comments posted
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107 Journal Entries, 2 Tags, 0 Memories, 0 Virtual Gifts, 4 Userpics
Basic Info Bio"Effective life, as used in the Income Tax Assessment Act 1997, is the period of time that a depreciating asset can be used by any entity to produce assessable income:
* assuming it will be subject to wear and tear at a reasonable rate;
* assuming it will be maintained in reasonably good order and condition; and
* having regard to the period within which it is likely to be scrapped, sold for no more than scrap value or abandoned."
- Australian Tax Office. My Favourite.
* assuming it will be subject to wear and tear at a reasonable rate;
* assuming it will be maintained in reasonably good order and condition; and
* having regard to the period within which it is likely to be scrapped, sold for no more than scrap value or abandoned."
- Australian Tax Office. My Favourite.
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