Document ID: chunk:federal_register_of_legislation:C2010C00577:clause:4_2:p2
Version: federal_register_of_legislation:C2010C00577
Segment Type: clause
Provision Reference: sch 4 cl 2 (pt 2/2)
Character Range: 47882–48846

in the tables in subsections 40‑102(4) and (5) applies to the asset when you start to hold it;
 (ii) subsection (4B) would apply to the asset but for paragraph (e) of that subsection not being satisfied;
you must use:
 (e) if the associate was using the *diminishing value method for the asset—the *effective life determined by the Commissioner for the asset under section 40‑100 that the associate would have used if section 40‑102 had not applied to the asset; or
 (f) if the associate was using the *prime cost method—an effective life equal to any period of the effective life determined by the Commissioner for the asset under section 40‑100 that:
 (i) the associate would have used if section 40‑102 had not applied to the asset; and
 (ii) is yet to elapse at the time you start to hold it.

Note: You can require the associate to tell you which effective life the associate would have used if section 40‑102 had not applied to the asset: see section 40‑140.