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Asset depreciation deductions

Depreciation and capital expenses and allowances
Capital allowance measures contain the rules for calculating the decline in value of depreciating assets.
Effective life of an asset
To use either of the depreciation methods, you have to work out how long the asset can be used to produce income - its effective life.
Simpler depreciation for small business
You can choose to use simplified depreciation rules if you are a small business entity.
Third-party reporting