The Government has recently passed legislation that temporarily increases the low-value asset threshold for depreciation from $500 to $5,000.
This will allow you to deduct the full cost of your Wet Umbrella Bagger in the year you make the purchase. This is instead of having to spread the cost over the life of the asset.
The Government is only raising the threshold for a short time until 16 March 2021. They're doing this so you and other business people keep investing in their businesses throughout the COVID-19 outbreak.