For most depreciating assets, you can choose to either
- work out the effective life yourself (self-assess), or
- use an effective life determined by the Commissioner.
If you have adopted the Commissioner's effective life determination for all your depreciating assets included at A, B and C, print N for no at D. Go to part B of this schedule.
If you have self-assessed the effective life of any of your depreciating assets included at A, B or C, print Y for yes at D. Go to label E and/or F.
At E, write the total cost of all your depreciating assets (excluding motor vehicles) for which you:
- self-assessed the effective life, and
- claimed a deduction for decline in value for the first time this income year.
At F, write the total cost of all your motor vehicles for which you:
- self-assessed the effective life, and
- claimed a deduction for decline in value for the first time this income year.