Depreciating assets, effective life, cost and decline in value

What is a depreciating asset, second-hand depreciating asset, and what depreciating assets are excluded from UCA.

Find out who can claim deductions for the decline in value of a depreciating asset.

General and specific rules for working out the decline in value of depreciating assets.

When you can claim an immediate deduction for certain non-business depreciating assets (costing $300 or less).

Find out about the effective life of depreciating assets (how long you can use an asset for a taxable purpose).

About the cost of a depreciating asset, limitations or arrangements you need to take into account for decline in value.