Recent content by AndrewWerth

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    Disposal Of Dishwasher - What Entries Required ?

    Hi Dan C, thanks for the reply. So the above is correct then, FY13 would see Declining value of 141.68 Closing balance of 236.13 Did you see my spreadsheet attached? is it correct? you will note i had not even bothered to write out the description of the cholorinator in FY13 as...
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    Disposal Of Dishwasher - What Entries Required ?

    Low Value Pool Hi I have a Pool Chlorinator bought in FY12 for $465, for a rental property, its too high to be a immediate <$300 deduction but falls under the Low Cost Asset definition. I intend to create a LVP and realise in the first year I can ignore apportionment issues (when exactly...
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    Soakwell Repair at Rental Home -

    Hi I had 1 - some new soakwells installed - I assume they are like in ground swimming pools or retaining walls and are a capital works deduction of 2.5% over 40 years? 2 - some existing soakwells were repaired to their previous state with no extra functionality - i assume these can be...
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    Claiming Security Alarm and Smoke Detectors

    Any ideas here?
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    Claiming Security Alarm and Smoke Detectors

    Hi I recently had some repairs done at a investment property. It included some replacements of components of the system such as some new Glass break sensors and smoke alarms.There was also a tamper switch replaced inside an existing alarm box that otherwise worked and some reed switches/wiring...
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    Repairs vs Dep Assets vs Capital Works Deductions

    Hi depreciator My current accountant seems to think I have to put the chlorinator in as a depreciable plant/asset item, our difference must be because he thinks the chorinator is entirely made up of the circuit board. What about roof insulation batts? Capital Works deduction at 2.5% ? i...
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    Repairs vs Dep Assets vs Capital Works Deductions

    Hi guys Clothesline 1 - what if it was not a full replacement but just a new pole to replace one out of 2 poles. 2 - Initially i thought the clothesline would be considered plant or an asset as it has a 'separate visual identity' but I suppose the other criteria (pg 25 of above linked...
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    Repairs vs Dep Assets vs Capital Works Deductions

    Hi I had to have the main circuit board replaced in my IP's pool chlorinator. It simply restored the efficient operation of the unit. Is it a repair or a depreciable asset? pg 33 of this pdf 'Rental properties 2011' has it listed as a separate row item with a effective life...
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