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Guide to depreciating assets 2002
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If you would prefer to read this document in portable document format (pdf): download Guide to depreciating assets here. This guide is 44 pages long.

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Last Modified: Wednesday, 16 May 2007
Table of contents
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Introduction
Deductions for the cost of depreciating assets
The uniform capital allowance system
Overview
What is a depreciating asset?
Who can claim deductions for the decline in value of a depreciating asset?
Working out decline in value
Immediate deduction for certain depreciating assets costing $300 or less
Effective life
The cost of a depreciating asset
What happens if you no longer hold or use a depreciating asset?
Low-value pools
In-house software
Common-rate pools
Primary production depreciating assets
Capital expenditure deductible under the UCA
Capital expenditure of primary producers and other landholders
Mining and quarrying and minerals transport
Project pools
Business related costs—section 40-880 deductions
STS taxpayers
Record keeping
Completing the Capital allowances schedule 2002
Guidelines for using the depreciating assets worksheet
Guidelines for using the low-value pool worksheet
Lodge your tax return over the Internet using e-tax
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