Low value pool rules
Australia only
The option to pool assets is available when calculating depreciation for Taxation purposes in MYOB Client Accounting - Assets.
Assets allocated to the Low Value Pool will be depreciated at:
18.5% in the year the asset was first added to the low value pool.
37.5% in subsequent years.
Depreciation is calculated for the full financial year/period, regardless of when the asset was added to the pool during the year.
For information on how to create a small business pool or add an asset to the pool, see our topic on Pooled assets.
More information on Low-value pools is available in the ATO's Guide to Depreciating Assets.