CG76771 - Wasting assets: computation: wasting assets

CG76703 tells you that a wasting asset becomes less valuable over its predictable life. At the end of that life, it has only a residual or scrap value.

CG76704 tells you about predictable life.

CG76707 tells you about residual or scrap value.

These instructions tell you how these affect

• the allowable acquisition cost of the asset

and

• any allowable enhancement expenditure.

CG15150+ tell you more about allowable expenditure.