• Examples of effective lives - from Taxation Ruling TR 2000/18

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    Depreciating asset

    Effective life in years given in TR 2000/18 (as at 1 July 2004)

    Carpets

     

    -in business places, picture theatres, hotels, etc

    5

    -in professional chambers

    10

    -in ten-pin bowling centres

    4

    Cash registers

    6 2/3

    Computers

     

    -generally

    4

    -laptops

    3

    Curtains and drapes

    6

    Fire extinguishers

    15

    Hot water systems (excluding piping)

    12

    Lawn mower

     

    -motor

    6 2/3

    -self propelled

    5

    Library (professional)

    10

    Motor vehicles, etc

     

    -cars

     

    -generally

    8

    -hire and travellers' cars

    5

    -taxis

    4

    -motor cycles and scooters

    6 2/3

    Photocopying machines

    5

    Power tools (hand operated)

    5

    Televisions (not used for hire)

    10

    Tools (loose)

    5

    Vacuum cleaners (electric)

    10

    Last modified: 01 Oct 2006QC 27597