Low value assets - Depreciation

The entire value of a low-value asset can be deducted as depreciation immediately.¹
From 17 March 2021, these are available for assets costing less than $1000. 
The cost should be excluding GST if registered for GST and including GST if not registered for GST.

1. https://www.ird.govt.nz/income-tax/income-tax-for-businesses-and-organisations/types-of-business-expenses/depreciation/claiming-depreciation