I would like to learn more about depreciation. Can anyone suggest a website that might explain how depreciation is worked out manually without the use of an online calculator. And I am also interested in simple rule of thumb stuff.
I would appreciate any help.
Scully
get it from the source
http://www.ato.gov.au/content/downloads/IND00133187n17290608.pdf
page 15http://www.ato.gov.au/taxprofessionals/content.asp?doc=/Content/44609.htm
working out effective life of assethttp://www.ato.gov.au/individuals/content.asp?doc=/Content/25229.htm
<$300 immediate writeoffhttp://www.ato.gov.au/individuals/content.asp?doc=/Content/00133187.htm&page=15#P650_63579
Building write off 2.5%http://www.ato.gov.au/individuals/content.asp?doc=/Content/23744.htm
low value poolsIf all else fails use a quantity surveyor – at least the ATO won't question the submission.
Thank you for your response. I will check it out.
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