Immediate claim or depreciate toilet?

Hi, I have just replaced a broken toilet at a cost of $520. Given that this is a figure above $350, do I have to depreciate it or can I claim this as an immediate write-off as it's a direct replacement and not an improvement as such?

Thanks

JB

 

Depreciate using ATO’s online tool
Depreciation and capital allowances tool

Only takes a couple of clicks.
Used it for a new air con for my rental

 

The under $300 thing (not $350) applies to Assets. A toilet is not an Asset - it's is regarded as part of the building. If the toilet was broken while the place was being rented out and you kept some of the associated plumbing, your accountant will likely claim it as a repair.
It's a bit of a blurry line, but there is an ATO Private Ruling where they allowed someone to claim a replacement bathroom vanity (building item) as a repair because the original plumbing was kept.

 

Thanks Scott, I kept all the associated plumbing so I'll claim as a repair. And thanks for the clarification on the asset $.

 

I would agree that a toilet is a part of the building and not "the building"...A repair cost to repair the building.

Its like the doors, roof, windows etc