All Topics / Legal & Accounting / Replacement of Fixtures & Fittings – Depreciation

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    October 14, 2009 - 10:55 pm

    If I was to install my 2 year old dishwasher (still under warranty) into an IP, could I use the original cost base depreciated by 2 years life as the cost of the unit and depreciate it for the remaining life (6-8 years) or could I not use the item for depreciation purposes at all?

    Profile photo of depreciatordepreciator
    Member
    @depreciator
    Join Date: 2003
    Post Count: 541
    October 21, 2009 - 1:35 am

    Yep, that would be fine. Just knock a bit off the original value. It's more than likely going to be less than $1,000, too, so if you are using the Low Value Pool you can bung it in there.

    Scott

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    October 21, 2009 - 1:51 am

    Thanks Scott

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.