ato logo
Search Suggestion:

Choice of determining effective life

Last updated 31 May 2005

For most depreciating assets, you have a choice to either work out the effective life yourself or use an effective life determined by the Commissioner.

The choice must be made for the income year in which the asset's start time occurs. Generally, the choice must be made by the time you lodge your income tax return for that year.

However, the choice is not available:

QC88658