Document ID: chunk:federal_register_of_legislation:C2017C00211:clause:3_6
Version: federal_register_of_legislation:C2017C00211
Segment Type: clause
Provision Reference: sch 3 cl 6
Character Range: 33153–33992

6  Subsection 328‑210(3) (example)
Repeal the example, substitute:
Example: Amanda's Graphics is a small business entity for the 2014‑15 income year and chooses to use this Subdivision for that year. The business has an opening pool balance of $8,500 for its general small business pool for that year.
 During that year, Amanda acquired a new computer for $2,000. The taxable purpose proportion of its adjustable value is:
 $2,000 x 80% business use estimate = $1,600
 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:
 $8,500 + $1,600 ‑ $9,600 = $500
 Because the result is less than $1,000, Amanda can deduct the $500 for the income year. The pool's closing balance for the year is zero.