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    Depreciation / ETAX

    @Gary and @Costy Im not real worried if it triggers an audit tbh, it would just be another learning experience for me, got nothing to hide. The reason I chose not to use the schedule in the first place was my original question: "If I put ANYTHING in the Depreciation Worksheet, I cant put...
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    Depreciation / ETAX

    Heh Datto, Yea Got it in with around 6 hrs to spare :P Ended up ditching all the manual calculations on the Depreciation Worksheet and ditching the manual calculations on the LVP deductions page and simply entering them both as static values on the Rental Schedule sheet. So much easier, same...
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    Depreciation / ETAX

    Hi Paul, Awesome reply... What worries me is that the last year, I got the tax done by an agent and they did enter in the low value field so if I elect not to this year and just enter the deduction total into the I: Capital Allowances/Depreciation field it will probably stick out like a...
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    Depreciation / ETAX

    Also, the low value pool is pretty stupid, it doesnt allow you to select 50% ownership like the rental page...
  5. S

    Depreciation / ETAX

    Ok so I think Ive confused myself however want to ask: I have a depreciation schedule written by BMT with two options: Diminishing Value/Low Value Pool and Prime Cost. I went with Diminishing Value/Low Value Pool. This method has entries for: Div 40 (Plant and equipment) - Effective Life...
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