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An extract of the asset register of Alpha Pty Ltd ('Alpha') for the 2012-13 income year is as follows:
Asset
Cost
Opening Adjustable Value
Method
Effective Life
Decline in Closing
Value for Adjustable
This Period Value
Desktop Computer
1,350
Diminishing Value
3 years
450 900
Furniture
5,000
3,000
Prime Cost
10 years
500 2,500
Filing Cabinets
1,200
1,080
120 960
1
All depreciable assets are for 100% business use and Alpha uses a low-value pool for all eligible assets. The closing value of the low-value pool at 30 June 2013 was $5,300. Alpha purchased a printer on S June 2014 for $700.
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