DEPRECIATING ASSETS SCHEDULE
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Balancing adjustment |
Decline in value |
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Deduction |
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ASSET |
Date of acquisition |
Cost |
OAV |
Date |
Termn.
value |
Balancing adj. amounts |
Effective life |
% rate & days |
Prime cost |
Dimin.
value |
% taxable use |
Prime cost |
Dimin.
value |
CAV |
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Assess. |
Deduct. |
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Laptop |
100406 |
3899 |
3461 |
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3y |
50 |
|
1731 |
20 |
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346 |
1730 |
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Laser printer |
040406 |
1060 |
964 |
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4y |
37.5 |
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362 |
20 |
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72 |
602 |
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Palm pilot |
041206 |
969 |
- |
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4y |
50 209d |
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277 |
20 |
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55 |
692 |
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Wireless router |
230107 |
179 |
- |
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100 |
179 |
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20 |
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36 |
- |
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Software |
030706 |
879 |
- |
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40 363d |
350 |
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20 |
70 |
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529 |
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BALANCING ADJUSTMENT RELIEF 1] Involuntary disposal
(including loss/destruction) – assessable amount can be rolled over to a
replacement asset provided that it was acquired within a yr of the
involuntary disposal, and will be used for 100% taxable purpose. 2] Transfer between
related business entities – rollover relief effectively postpones the
balancing adjustment event. |
Subtotal |
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Amount to be claimed as a
separate deduction |
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Totals |
70 |
509 |
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Less balancing adjustment relief |
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Assessable income item 22 |
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Total deduction for decline in value |
579 |
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