27‑90 Cost or opening adjustable value o27‑90 Cost or opening adjustable value of depreciating assets increased: increasing adjustments

#### 27‑90 Cost or opening adjustable value of depreciating assets increased: increasing adjustments (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 an \*increasing adjustment in an income year that relates directly or indirectly to the asset. (1A) However, this section does not apply to an \*increasing adjustment that arises under Division 129 or 132 of the \*GST Act. > Note: See instead section 27‑92. (2) The asset’s \*cost is increased by an amount equal to the \*increasing adjustment if the adjustment arises in the income year in which the asset’s \*start time occurs. (3) The asset’s \*opening adjustable value for an income year and its \*cost is increased by an amount equal to the \*increasing adjustment if the adjustment arises in that year and that year is after the one in which the asset’s \*start time occurs. Exception: pooling (4) This section does not apply to: (a) a depreciating asset allocated to a low‑value pool or a pool under Division 328 for or in the \*current year; or (b) \*in‑house software if expenditure on the software is allocated to a software development pool for the current year; or (c) a project pool.