Taxation Ruling
IT 2240
Income tax: addendum to Income Tax Order No. 1217 rates of depreciation
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FOI status:
May be releasedFOI number: I 1206068PREAMBLE
Since the issue of Taxation Ruling No. IT 2103 the following rates of depreciation have been determined in terms of sub-section 55(1) of the Income Tax Assessment Act 1936.
| Percentage Allowed | ||
|---|---|---|
| ------------------------- | ||
| NEW ITEMS | Prime Cost Method | Diminishing Value Method |
| ------------------------------------------------------------------------ | ||
| Juke Boxes - | ||
| Generally | 10 | 15 |
| Video juke boxes | 15 | 22.5 |
| Primary Industries, Farmers', etc., Plant - | ||
| Shearing Stands (demountable) | 10 | 15 |
| Shearing Stands (demountable) | 10 | 15 |
| Spa (fibreglass) | 5 | 7.5 |
| Swimming Pools - | ||
| Above-ground | 10 | 15 |
| Robots (industrial) | 10 | 15 |
| Video - | ||
| Video juke boxes | 15 | 22.5 |
COMMISSIONER OF TAXATION
29 January 1986