Document ID: chunk:federal_register_of_legislation:C2012A00023:clause:2_43
Version: federal_register_of_legislation:C2012A00023
Segment Type: clause
Provision Reference: sch 2 cl 43
Character Range: 14275–15119

43  Subsection 328‑210(3) (example)
Repeal the example, substitute:
Example: Amanda's Graphics is a small business entity for the 2012‑13 income year and chooses to use this Subdivision for that year. The business has an opening pool balance of $7,000 for its general small business pool for that year.
 During that year, Amanda acquired a new computer for $8,000. The taxable purpose proportion of its adjustable value is:
 $8,000 × 85% business use estimate = $6,800
 Amanda also sold her business car for $9,600 during that year. The car was used 100% in the business.
 To work out whether she can deduct an amount under this section, Amanda uses this calculation:
 $7,000 + $6,800 ‑ $9,600 = $4,200
 Because the result is less than $5,000, Amanda can deduct the $4,200 for the income year. The pool's closing balance for the year is zero.