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Rixter, Yes. I would have liked them longer. approaching them ...well its been 10 years... mJK

Speary, Well that's what I'm getting at but so far I'm being told I cant do that. I had hoped I could? I was just going to use the written down value and continue to depreciate at low figure of10% but I'm still trying to figure out if that is allowed. MJK

40 years is good I have to say.... I'm impressed. Regarding my old schedules I think I see what my new accountant says. First year with new accountant this year. I don't really find the idea of getting new schedule made up that palatable. There's got to be a better way? MJK

Rixter, Which one. I have several. If you want a specific case this will do...1999. I'm not really asking about a specific IP rather a general tax depreciation question. The year any of my IPs are built is only applicable to the capital works depreciation not the plant. Am I right? MJK

Hey Chris, Are you gonna tell me the last schedule you did for a client went past 20 years mate? Some of us actually hang on to property and don't sell it every five minutes.:) Maybe you've never owned an IP that long?:eek: MJK

40 years if for division 43 capital I believe. MJK

Thanks for your reply. What do I do if my depreciation schedule only runs for 10 years. There are no figures for the 11 year or subsequent years.? My accountant in the past has suggested using 10% as a conservative figure which wont get anyone into trouble. Maybe a bit old school...

Hi Everyone, I was wondering what to do with the balance of Division 40 plant after 10 years of depreciation? Can I continue to diminish the balance at say 10% indefinitely or do I claim the full value left at year 10? MJK