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Item 4 - Self-assessed depreciating assets

Last updated 20 October 2002

For each depreciating asset for which you first claimed a deduction for decline in value in this income year, you must either:

Label D

If you have adopted the Commissioner's effective life determination for all your depreciating assets included at A, B or C, print N for no at D. Go to part B of this schedule.

Print Y for yes at D if you have self-assessed the effective life of any of your depreciating assets included at A, B or C. You will now need to complete E and/or F.

Label E

Write at E the total cost of all your depreciating assets (excluding motor vehicles) for which you:

  • self-assessed the effective life
  • first claimed a deduction for decline in value in this income year.

Label F

Write at F the total cost of all your motor vehicles for which you:

  • self-assessed the effective life
  • first claimed a deduction for decline in value in this income year.

QC27435