Terminal allowance: entitlement when a block of assets ceases and depreciation rate is zero; computed by value plus additions minus receipts.

A person is entitled to a terminal allowance where a block of assets ceases to exist during the financial year and the depreciation percentage for that block is zero. The terminal allowance equals the written down value of the block at the beginning of the year plus actual cost of assets added during the year, less amounts accrued or received on disposal of assets in that block and any carcass or scrap value; a negative result is treated as nil.

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