Document ID: chunk:federal_register_of_legislation:C2010C00262:clause:3_84
Version: federal_register_of_legislation:C2010C00262
Segment Type: clause
Provision Reference: sch 3 cl 84
Character Range: 47546–48110

84  Subsection 328‑295(2) (example)
Repeal the example, substitute:

Example: Angela operates a riding school, and also sells riding gear. Her business is a small business entity for the 2008‑09 income year and makes a choice under section 328‑285 for that year.

 At the start of the 2008‑09 income year, the opening value of Angela's trading stock is $30,000. Using her reliable inventory system, she estimates the closing value to be $34,000.

 The closing value for the 2008‑09 income year, and the opening value for the 2009‑10 income year, will be $30,000.