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  • Depreciation of plant acquired at or before 11.45am on 21 September 1999 but first used or installed ready for use after that date

    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

    Accelerated rates of depreciation apply to all plant acquired at or before 11.45am (by legal time in the ACT) on 21 September 1999 even if it is first used or installed ready for use after that date. The accelerated rate is determined by choosing the appropriate rate from the published table that corresponds to the effective life of the plant. The effective life of the plant is determined at the time that it is first used or installed ready for use.

    Last modified: 13 Feb 2020QC 27380