depreciation on a dugout

Hi guys,

One of my IPs is a dugout in Coober Pedy.

About this time of year, I think about getting depreciation schedules done.

But I'm wondering if it's worth getting one done on the dugout, in comparison with the cost of a formal schedule.

By chance, have any of you got a depreciation schedule done on a dugout?

Was it worth it?

HJ72

God I love this country, where else in the world could you rent out a hole in the ground?
Thes guys could probably help.   http://www.depreciator.com.au/driver.asp?page=main/home

It would most likely depend on the age of fixtures and fittings as I assume the raw construction would be difficult to value.
Good Luck, hope you strike it rich

jeff.johnson@raywhite.com
“The only genuine advantage of wealth is the fact that thereby we can help others better.” -Dalai Lama
www.raywhitetownsvillecentral.com.au

Thanks Jeff,

I guess I'll probably get some photos done of the items/chattels, etc and get them sent to the quantity surveyor.
I can't see that it's worth it getting him to fly out to the property, esp in Coober!!!!

But, has anyone actually got a schedule done on a dugout?
What sort of depreciation did you get on it?

HJ72