Question：Which two of the following describe a wasting chattel?

　　A. Asset with an estimated remaining useful life of 50 years or less.

　　B. Asset with an estimated remaining useful life of 60 years or less.

　　C. Tangible moveable property.

　　D. Asset with an original estimated useful life of 50 years or less.

　　E. Asset with an original estimated useful life of 60 years or less.

　　The correct answers are: Tangible moveable property; Asset with an estimated remaining useful life of 50 years or less.

　　解析：A wasting chattel is tangible moveable property with an estimated remaining useful life of 50 years or less.

　　Remember that a wasting chattel is exempt from CGT.

　　The exception is plant and machinery in respect of which capital allowances have been or could have been claimed. If these chattels are sold at a gain, they follow the rules for non-wasting assets.