General depreciation rules

You usually apply the general depreciation rules when you work out how much an asset has depreciated.

Your claim is generally based on the effective life of the asset (the number of years a depreciating asset can be effectively used to produce income) and the depreciation method you choose.

Some concessions are available for low-cost and low-value assets. Different depreciation rules apply to capital works such as buildings and structural improvements.

You can work out depreciation using our Decline in value calculator.

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Last modified: 13 Mar 2015QC 33711