Depreciation

Which general depreciation calculation method to use

This graph compares the amount you would claim under each method for the depreciation of an asset used only for a taxable purpose.

The asset in this example costs $80,000, was acquired on the first day of the income year, and has an effective life of 5 years.

Speak with your registered tax professional to determine the best method to use for your circumstances.

6 mins

About depreciation	0%
Depreciation rules	0%
Identifying which depreciation rules you can use	0%
Activity	0%

3 mins

What is a depreciating asset?	0%
Assets that are not depreciating assets	0%
Activity	0%
Activity : Maya’s café	0%

4 mins

Who can claim deductions for the decline in value of a depreciating asset?	0%
Partnership assets	0%
Activity	0%

6 mins

Simplified depreciation rules overview	0%
Eligibility to use simplified depreciation rules	0%
Using simplified depreciation rules	0%
Apportioning for business and private use	0%
If you stop using simplified depreciation	0%
Activity	0%

15 mins

Exclusions and other considerations	0%
Assets specifically excluded from simplified depreciation	0%
Cost of an asset	0%
GST	0%
Trade-ins	0%
Improvements to assets	0%
Assets used to earn non-business income	0%
Later sale or disposal of asset	0%
Claiming cars expenses	0%
Car cost limit for working out depreciation of passenger vehicles	0%
Activity	0%

5 mins

Using the instant asset write - off	0%
The instant asset write-off threshold amount	0%
Activity: Maya’s café	0%

15 mins

How a small business pool works	0%
Adding assets to a small business pool	0%
Managing your small business pool if you stop using simplified depreciation rules	0%
Using simplified depreciation rules again	0%
Activity: Maya’s café	0%
Small business pool calculations	0%
Calculating a small business pool with the ATO Depreciation and capital allowances tool	0%

7 mins

General depreciation rules	0%
The cost of a depreciating asset	0%
Effective life of a depreciating asset	0%
Asset acquisition date and when it started to decline in value	0%
General depreciation: reduction for non-taxable use of a depreciating asset	0%
General depreciation calculation methods	0%
Which general depreciation calculation method to use	0%
Low-cost assets – threshold rule	0%
Activity	0%

5 mins

Calculating a deduction for depreciating assets with the ATO Depreciation and capital allowances tool	0%

5 mins

What happens if you no longer hold or use a depreciating asset?	0%
Calculating a balancing adjustment	0%
Activity	0%

9 mins

4 mins

Using the capital works deduction or other special rules	0%
Working out your capital works deduction	0%
Activity	0%
Other special rules	0%

2 mins

Records of depreciating assets	0%

1 mins

Related courses	0%

Course Feedback	0%