Document ID: chunk:federal_register_of_legislation:C2010C00603:clause:1_11:p3
Version: federal_register_of_legislation:C2010C00603
Segment Type: clause
Provision Reference: sch 1 cl 11 (pt 3/3)
Character Range: 28418–29103

and 701‑60 and Division 705 operate as if all the previous pool assets formed a single *depreciating asset (the hypothetical asset), and were not separate assets.

Modified operation of Division 705 for hypothetical asset

 (8) Sections 705‑40 and 705‑57 operate as if the joining entity's *terminating value for the hypothetical asset were the amount worked out using the table:

Modification of basis on which sections 705‑40 and 705‑57 operate
                                                                   If the joining time is:                                   Sections 705‑40 and 705‑57 operate as if the joining entity's terminating value for the hypothetical asset were: