Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:1_7
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 245786–246359

7                    30 or more                10%                      7%

 (2) These rates do not apply to a *car, or a motor cycle or similar vehicle, or an *artwork.

42-130  Low cost plant

  The *prime cost rate for *plant is 100% if its *cost does not exceed $300 (or a higher prescribed amount).

42-135  Cars and motor cycles

  The rates for *cars, and motor cycles or similar vehicles, are set out in the following table.

Cars and motor cycles rates table
Item                               Years in *effective life  *Diminishing value rate  *Prime cost rate