Search results

These are determined by the ATO - Effective Lives.

There is not set length or recommended length for a Dep Schedule. Many accountants have their own software and they just need a starting point and they then enter the figures into their software. So they extract the cost of construction from the supplied Schedule and the WDV of Assets and then...

A one year Depreciation Schedule? Generally speaking, most bits and pieces done to common areas are funded by money contributed to the admin and sinking funds. Most people claim as deductions their body corp contributions, so they won't then be depreciating anything - that would be...