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This oughta be good entertainment.
Quite frankly, the only one who has lost their mind is you.
Did you read the part where it's not legal to just make **** up / copy **** from other examples???
Excel can?t really accommodate the twists and turns of the Low Value Pool
The date on the example pdf report was 23 Oct 2014. That means someone, a staff updated it. To a potential customer looking at an example with 5 year outdated ruling might be seen as glossing over and rubber stamping it without giving it a proper review. Does that reflect well on a company that prides itself in attention to detail? quality etc...?In our defence, we hadn't prepared for the contingency of someone trying to use Mr Example Person's report to do their own taxes. It doesn't happen a lot for reasons most people here can see are obvious.
As for the graph mix-up? I'm not sure that's a serious error. The information was correct; it was just in a different order and was still easy to interpret.
You say there are "a ton of mistakes" so I do encourage you to point the rest of them out (so far your count is at 1.5). We appreciate any feedback and welcome the opportunity to make any corrections.
Fullylucky
You could have a crack at putting something together for interests sake, you can research the different depreciation rates and rules but at the end of the day people who prepare Tax Depreciation Schedules, need to be registered as Tax Agents.
Here's an interesting quote from a QS company re excel
You do realise by selling a depreciation schedule and not being a registered tax agent that you are committing a criminal offense ?
Well, I've been known to like to save a dollar or two on purchases. But seriously! This is just foolhardy!
I would not like to be you, should the ATO come a knocking.
why not humour us and give us a figure, purchasing price.
.
To the OP, you do realise the ATO reads this forum? Quick, get out of your jammies, because I think somebody from the ATO is knocking at your door right now .
You don't pay loan brokers so they have to make their money somehow. From lenders! two lenders A and B, A has lower interest rates. B pays higher commission which one do you think the broker will refer.
I will humor you. $850k purchase price. Ready... Go.
If your result is higher depreciation you go to gaol. If it is lower you have missed out on potential depreciation benefit a (and will likely go to gaol as well)
Unless your answer is 100% accurate you lose. And oh, even if it is accurate you save a couple of hundred $$ and go to gaol.
Oh wait. What's the point of this again?
Blacky
You need to pull your head in. Some of the people you have shown attitude to be it directly like coasty or indirectly like depreciator are among the most helpful on this site.
I have personally used depreciator's services and although I haven't used coasty he's provided excellent advice for many people here and I'm personally pretty discerning when it comes to accountants.
You think you're one of the few people on here trying to help others?? Give me a break, all you're helping with is giving people a reason to laugh