Hello All,
I’m wondering if you can help me, I’m using the Property Analyser on http://www.ipropertyco.com and it seems to be very good. Interestingly the depreciation estimates that are built into the program are very accurate when compared to my Depreciation Schedule. However when I go to some of the free depreciation schedule sites, their estimates are way off in comparison even though they are sites managed by the large quantity surveyors.
The reason I ask is that I’m trying to work out what the standard formula would be for depreciation. The people at http://www.ipropertyco.com have obviously worked out something fairly accurate but the quantity surveyors themselves can’t.
Does anyone know anything about how these calculations are derived?
Cheers!
Hi
It is all on the tax office web site, I downloaded it a few yrs ago, has each item and life of item. It will prob take a while to find but worth it if you are interested
Barry
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