All Topics / The Treasure Chest / Diminishing Value or Prime Cost

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  • Profile photo of arivicarivic
    Participant
    @arivic
    Join Date: 2003
    Post Count: 0
    May 22, 2003 - 10:42 pm

    Hi All,
    We are about to convert our PPR to an investment property. The unit is about 8 years old. I am going to get a depreciation schedule done, but would like to know if I should use diminishing value or prime cost given the age of the unit.
    Thanks in advance for your replies.
    Ari

    Profile photo of davidfemiadavidfemia
    Member
    @davidfemia
    Join Date: 2003
    Post Count: 89
    May 22, 2003 - 11:34 pm

    Hello arivic,

    Perhaps as a further suggestion, calculate them side by side, and see which is most suitable to your situation.

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

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