27‑87 Certain decreasing adjustments inc27‑87 Certain decreasing adjustments included in assessable income

#### 27‑87 Certain decreasing adjustments included in assessable income (1) This section applies to an entity if: (a) the entity can deduct amounts for a \*depreciating asset under Division 40 or 328; and (b) the entity has a \*decreasing adjustment that arises under Division 129 or 132 of the \*GST Act in an income year that relates directly or indirectly to the asset; and (c) section 27‑95 does not apply to the entity in relation to the asset. (2) The amount of the \*decreasing adjustment is included in the entity’s assessable income for the income year unless the entity is an \*exempt entity.