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Hi Julia Thank you for that. I appreciate you taking the time to point out why you thought the way that you do. I will continue to insist on a QS report because neither me nor most of my clients would have a reasonable idea of a value of a 2nd hand item (nor, the actual items that may be...

Hi Pete I disagreed with the idea of being able to make a reasonable assumption of a plant items value and claim depreciation based on that assumption. I do this primarily because I would not like to be an audit situation and trying to justify the values used if the auditor wants to be...

Hi Julia I am afraid that I would have to disagree with you on that one. However, I am happy to be proven wrong.... Dale

Hi Cam The tax office are currently auditing many investors and one of the BIG issues for them is claims for depreciation with no factual basis such as a QS report. Therefore a QS report is virtually essential if you plan on claiming any depreciation items in your tax returns...