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  1. D

    Depreciation Question

    Yep, I mentioned the LVPool and under $300 Assets earlier. Assets over $300 and the building itself are treated pro rata.
  2. D

    Depreciation Question

    If it's a near new property and a decent one, depreciation even for that last week of the financial year could easily be over $2,000. But in starting the dep schedule in July i.e. the next fin year, nothing will be lost.
  3. D

    Depreciation Question

    Not quite. Assets under $300 are written-off immediately and Assets between $300 and $1,000 can go into the Low Value Pool - 18.75% in the first year whether that year is 52 weeks or a couple of days.
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