Document ID: chunk:federal_register_of_legislation:C2004C01190:clause:2_316
Version: federal_register_of_legislation:C2004C01190
Segment Type: clause
Provision Reference: sch 2 cl 316
Character Range: 194380–194999

316  Subsection 165‑115F(6)
Repeal the subsection, substitute:

 (6) This subsection applies to an asset at the relevant time if:
 (a) the asset is a *depreciating asset (not a building or structure) for whose decline in value the company has deducted or can deduct an amount; and
 (b) the expenditure incurred by the company to *acquire the asset was less than $1,000,000 (the expenditure can include the giving of property: see section 103‑5); and
 (c) it would be reasonable for the company to conclude that the *market value of the asset at that time was not less than 80% of its *written down value at that time.