From: Anton Madievski
Experiences/opinions/advice will be much appreciated:
When I bought a unit off the plan, the developer gave me a depreciation estimation ($9,819 first year). When the building was completed, the developer commissioned (and I paid for) a proper depreciation schedule with $5,057 allowance for the first year. ($2,293 plant & equipment and $2,764 building). I wonder if anyone could comment on whether
i. halving of developers' original estimate sounds reasonable (I thought that properly done schedule should uncover more depreciable items, not less)
ii. $2.3K in plant & equipment is a reasonable depreciation on a $300K 2-bedroom 2-bathroom unit in a 13-storey building with swimming pool, gym, mini-golf, etc. and
iii. 4 pages is a typical length for a depreciation schedule ?
Experiences/opinions/advice will be much appreciated:
When I bought a unit off the plan, the developer gave me a depreciation estimation ($9,819 first year). When the building was completed, the developer commissioned (and I paid for) a proper depreciation schedule with $5,057 allowance for the first year. ($2,293 plant & equipment and $2,764 building). I wonder if anyone could comment on whether
i. halving of developers' original estimate sounds reasonable (I thought that properly done schedule should uncover more depreciable items, not less)
ii. $2.3K in plant & equipment is a reasonable depreciation on a $300K 2-bedroom 2-bathroom unit in a 13-storey building with swimming pool, gym, mini-golf, etc. and
iii. 4 pages is a typical length for a depreciation schedule ?
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