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  • Examples of effective lives - from Taxation Ruling TR 2008/4 (from 1 July 2008)

    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

    Depreciating asset

    Effective life in years

    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

    62/3

    - self-propelled

    5

    Library (professional)

    10

    Motor vehicles

     

    - cars generally

    8

    - hire and travellers' cars

    5

    - taxis

    4

    - motor cycles and scooters

    62/3

    Office machines and equipment

     

    - Photocopying machines

    5

    Point of sale assets

     

    - cash registers, standalone type

    10

    Power tools (hand operated - air or electric)

    5

    Power tools (hand operated - battery)

    3

    Television receivers

     

    - generally

    10

    Tools (loose)

    5

    Vacuum cleaners (electric)

    10

    Last modified: 06 Oct 2009QC 21774