End of the Instant Asset Write-off (i.e. the $20k depreciable asset write-off)

We have mentioned previously that the immediate deduction for the purchase of depreciable assets costing less than $20,000 will come to an end on 30 June 2017. The measure was first introduced in May 2015 to help provide economic stimulus.
The deduction is only available to small businesses that use the small business pooling method to calculate depreciation. If you have any doubt about your eligibility, please contact us for clarification.

What happens after 30 June 2017?
The instant asset write-off limit will revert to the previous limit which was $1,000. This means that any purchases over this amount will be subject to the normal rules of small business pooling depreciation.
Keep this in mind if you are considering any depreciable asset purchases for your business over the next four months because the taxation treatment will vary substantially for assets purchased before and after 30 June.