Q: A business client with an annual turnover of $4 million for both the 2016 and 2017 financial years. For the 2017 financial years, are he eligible to use the small business simplified depreciation rules? If yes, and he has individual assets with a written down value below $20,000 on July 1, 2016, can these assets be immediately written off or do all assets need to be allocated to the general pool?
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