• Examples of effective lives - from Taxation Ruling TR 2000/18 (as at 1 July 2005)

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    Depreciating asset

    Effective life in years given in TR 2000/18 (as at 1 July 2005)

    Carpets

     

    - in commercial office buildings

    8

    - in ten-pin bowling centres

    4

    Computers

     

    - generally

    4

    - laptops

    3

    Curtains and drapes

    6

    Fire extinguishers

    15

    Hot water installations for commercial office buildings (excluding commercial boilers and piping)

    15

    Lawn mower

     

    - motor

    6 2/3

    - self propelled

    5

    Library (professional)

    10

    Motor vehicles

     

    - cars generally

    8

    - hire and travellers' cars

    5

    - taxis

    4

    - motor cycles and scooters

    6 2/3

    Office machines and equipment

     

    - Photocopying machines

    5

    Point of sale assets

     

    - cash registers, standalone type

    10

    Power tools (hand operated)

    5

    Television receivers

     

    - generally

    10

    Tools (loose)

    5

    Vacuum cleaners (electric)

    10

    Last modified: 18 Jul 2006QC 27742