Instant Asset Write-Off Record

Business Name: [INSERT BUSINESS NAME] ABN: [INSERT ABN] Financial Year: [INSERT FINANCIAL YEAR] Prepared By: [INSERT NAME]

Asset Details

Date Purchased: [DD/MM/YYYY] Supplier Name: [INSERT SUPPLIER NAME] Supplier ABN: [INSERT SUPPLIER ABN] Tax Invoice Number: [INSERT INVOICE NUMBER] Description of Asset: [INSERT DESCRIPTION (Include Brand, Model, Serial Number)]

Cost Analysis

Total Cost (Inc GST): $[INSERT TOTAL COST] GST Included: $[INSERT GST AMOUNT] Cost (Ex GST): $[INSERT NET COST]

Usage and Installation

Date First Used / Installed Ready for Use: [DD/MM/YYYY] Primary Business Use: [DESCRIBE USE - e.g. Carpentry, Plumbing, Transport] Estimated Business Use Percentage: [INSERT %]

Deduction Calculation

Total Cost Ex GST: $[COPY FROM ABOVE] Private Use Adjustment: $[CALCULATE IF APPLICABLE] Claimable Deduction Amount: $[INSERT FINAL AMOUNT]

Evidence

Invoice/Receipt Attached: [ ] Yes [ ] No Photo of Asset Attached: [ ] Yes [ ] No

Notes

[INSERT ANY ADDITIONAL DETAILS REGARDING FINANCE OR CONDITION]

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Declaration: I declare that this asset was purchased for use in the business and the details recorded are true and correct.

Signature: [SIGNATURE] Date: [DD/MM/YYYY]