• Item 4 - Self-assessed depreciating assets

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    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.
    Last modified: 21 Oct 2002QC 27435