depreciation

There are companies which you can find via the web which specialise solely in depreciation. they would be able to help you with this. They also offer full depreciation schedules I think for the next 10 years etc.

Regards,
Si

Flash,
You may not find a list of percentages, but you will find a list of effective lives. The ATO has decreed the effective life of many items (though you can self assess). This life drives the depreciation percentage. Carpet, for example, has an ATO effective life of 10 years. Using the Prime Cost method, it can be depreciated at 10% per year for 10 years. Using the Diminishing Value method, however, it can be depreciated at 15%pa on the diminishing value i.e. more depreciation up front. Then there’s the Low Value Pool. Items worth under $1,000 can be depreciated at 18.75% in the first part year and then 37.5%pa after that. And there’s still the immediate write-off for items costing under $300. It can all be a tad complicated, which is why engaging the services of a Quantity Surveyor and/or a good accountant is pretty wise. The new ATO determined affective lives come into play on July 1. They’d be on the ATO site somewhere. If you can’t find them, send me an e-mail on Monday. I’ll get one of my Quantity Surveyors to dig them out and I’ll send them to you. Happy to send them to anyone else who wants to see them, too – they are only in draft forn at the moment, though.
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