• Examples of effective lives - from Taxation Ruling TR 2006/5 as at 1 July 2006, also applicable for TR 2006/15 effective from 1 January 2007

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Depreciating asset

    Effective life in years given in TR 2006/5 (as at 1 July 2006 and TR 2006/15 as at 1 January 2007)

    Carpets

     

    - in commercial office buildings

    8

    - in ten-pin bowling centres

    4

    Computers

     

    - generally

    4

    - laptops

    3

    Curtains and drapes

    6

    Fire extinguishers

    15

    Hot water installations for commercial office buildings (excluding commercial boilers and piping)

    15

    Lawn mower

     

    - motor

    6 2/3

    - self propelled

    5

    Library (professional)

    10

    Motor vehicles

     

    - cars generally

    8

    - hire and travellers' cars

    5

    - taxis

    4

    - motor cycles and scooters

    6 2/3

    Office machines and equipment

     

    - Photocopying machines

    5

    Point of sale assets

     

    - cash registers, standalone type

    10

    Power tools (hand operated)

    5

    Television receivers

     

    - generally

    10

    Tools (loose)

    5

    Vacuum cleaners (electric)

    10

    Last modified: 27 Aug 2007QC 27892