A TAX DEPRECIATION SCHEDULE PROFESSIONALLY PREPARED FOR JOB #931 This depreciation schedule is applicable only to Unit 158 / 20 Example Street Anytown 2000. This property was first available to let on 19/09/2002. Depreciation calculations for the first financial year are based on 284 days.
Table of Contents
Contents A note from the Managing Director Official information and disclaimers Definition of Terms
P02 P03 P05 P07
Summary tables of total depreciation over 20 years Prime Cost Method & Diminishing Value Method Definitions Diminising Value Method Summary Prime Cost Method Summary Comparative Graph P08 P09 P10 P11
Diminishing Value Method calculations Depreciating Assets Low Value Pool Capital Allowances P12 P16 P20
Prime Cost Method Depreciating Assets Low Value Pool Capital Allowances P21 P25 P29
Furniture Package Comparative Graph
P30
Dear John, To begin... thank you for choosing Depreciator. I’d like to offer you some tips when reading through your Tax Depreciation Schedule. A tax depreciation schedule can look like a nightmare of facts, figures and technical tables to the uninitiated. It’s really not that bad when you know what to look for and how it relates to you and your tax assessment. The main pages you need to worry about are the summary tables and the comparative graphs at the front of the report. The totals below each financial year in the summaries enable you to see what your depreciation is in an instant over a 20 year period. The calculations pages that follow show how the summaries are derived. This is where all the hard work is done and an area where you can see all inclusions or assets eligible for depreciation. These tables outline all the applicable ATO rates and how the assets are affected over time. There are effectively 3 areas of depreciation that need to be accounted for when compiling a complete depreciation schedule. (i) The Depreciating Assets that make up the property. These can be loosely classed as anything that can be picked up or easily removed from the property, such as light fittings, furnishings, non-built in cupboards and the like. This category was formerly known as "Plant and Articles". (ii) The Low Value Pool assets or special write-off items. These assets are generally low in value (under $1000) and have special rules that apply in various circumstances. (iii) The Building Works or the overall construction of the property such as the actual brickwork, timber work, roof and footings. Items (or assets as they’re officially known) that can’t be easily removed from the property, including structural improvements.
All categories have different rules that apply with various dates of construction and a mixture of rules can often apply regarding the use of "pooling" assets in a particular write-off area. They also differ depending on which method of depreciation you elect to use (Prime Cost Method or Diminishing Value Method). It is the combination of ALL three of these depreciation categories that make up a full Tax Depreciation Schedule allowing you to maximise every single deduction you are entitled to. We trust you’ll find the results contained within this report a great help when discussing your tax assessment at the conclusion of this coming financial year with your accountant/advisors. Both methods of Depreciation have been offered so you and your financial advisors can make an informed decision as to which suits your particular situation best. All the calculations are derived from intricate and complex calculations set out by the Australian Tax Office and a qualified Quantity Surveyor is responsible for assessing every asset and determining construction costs. We have also included a number of comparative graphs for you to see a "snapshot" of your investment in various common scenarios over time that may help you to make an informed decision regarding your property in the future. If you find any discrepancy or have a query on part of this report, please call our customer service centre on 1300 66 00 33 and raise your query with one of our staff. Finally, if you are pleased with the results in this report, the greatest compliment you might offer is to refer us to your colleagues and have them enjoy similar results. We look forward to hearing from you when you purchase your next investment or in fact update this one and hope to service your colleagues, friends and relatives in the near future. Sincerely,
Official information and Disclaimers
We believe strongly in taking the technical jargon out of your report as much as possible, so we have provided a definition of terms to aid in your understanding of the entire process. However, as with many taxation and finance related documents, there is always a degree of information you need to be familiar with before interpreting any written results. Please read through carefully as there may be some distinctions contained in this page that you were not aware of. Please also consult your qualified advisors for distinctions and how they may relate to your personal position. The contents of the report should not be treated as advice in taxation, investment or financial strategy. Nor should the contents be viewed as legal or accounting advice. Please consult with your qualified and registered advisors before acting on the contents of this report in any way. You must choose only ONE method of depreciation (prime cost or diminishing value). The two options have been summarised in two separate tables for ease of use. However, technically the difference only applies to the Depreciating Assets. The Building Allowances are always calculated with the Prime Method, and the Low Value Pool is always calculated with the Diminishing Value Method. Please ensure your accountant is aware of this fact and uses each and every Depreciator annual total for your tax returns. If only the 1st year is utilised and your accountant’s software package calculates subsequent years, your return may be inaccurate and possibly undervalued. Your accountant will be able to help you decide which method represents the best strategy for you. This Depreciation schedule is compiled and calculated in accordance with legislation in effect at the time of delivery. It is based on a professional "interpretation" of the Income Tax Assessment Act of 1997, tax rulings and an understanding of the intent ruled by the Commissioner of Taxation. The values of the individual items contained in this report are "estimations" prepared by a person deemed to be appropriately qualified by the ATO, and as such are recognised under legislation by the ATO to be an accurate and fair value for those assets. Individual items represent estimated values and collectively are indicative of the overall depreciable allowance of your investment property. Your depreciation schedule was prepared for the sole purpose of depreciation claims and is not to be used for any other purpose. Your report may be deemed inaccurate if your investment property is altered in the future in any way. The rates may differ and depreciation values may be construed as invalid by the Australian Taxation Office. If you alter your property in any way, we will be pleased to reinspect and provide an updated schedule for a fee. Please notify us when considering alterations to your property as we may provide valuable information affecting the resultant depreciation on your additions or renovations. We have assumed that no other schedule of depreciation has been used for this property or exists as a condition of your purchase documents.
Official information and Disclaimers
Construction expenditure is determined on the basis of the actual cost incurred in relation to the construction of a building, structural improvements, extension, etc. Construction expenditure includes preliminary expenses such as architects fees, engineering fees, surveying fees, building fees, costs associated with obtaining the necessary building approvals and the cost of foundation excavations. The value of an owner/builder’s contribution to capital works (such as labour and expertise) and any notional profit element are not included in construction expenditure. Certain types of capital expenditure are specifically excluded from being construction expenditure. These are a) the cost of acquiring land; b) the cost of demolishing existing structures; c) the cost of preparing a construction site before carrying out excavation works; d) the cost of landscaping. Your report has been prepared on the assumption that you are not entitled to input tax credits and therefore GST is included in the appropriate items. This schedule was compiled from information given to us by you, and from data gathered during an inspection. If we have included items that you or your accountant intend claiming as a repair, or items that have already been claimed, it is your responsibility to delete them from the schedule. It is your responsibility to adjust any items that are sold or disposed of that are included in this report.
Definition of Terms
Depreciating Assets
Formerly known as "Plant and Articles", Depreciating Assets can be defined as items with a limited effective life that are reasonably expected to decline in value. They are also loosely defined as items that are "easily" removed from a property as opposed to being "permanently fixed" or builtin. Any fees associated with installing the asset or items into its final position. These costs might include labour or fees etc. The period an asset can be used to produce income which is determined by the Commissioner of Tax. For the purposes of Prime Cost calculations, the effective life is divided by 100 to provide a percentage rate. The effective life is divided by 150 to acquire the Diminishing Value method percentage rate. A method of calculating the Decline in Value that uses an opening adjusted value as the base for the calculation as you would find in the previous date period. A method of calculating Decline in Value that uses a constant opening cost base that you would find at the beginning of the depreciation period. The amount of depreciation between any two date periods. The value of an asset after some period of decline in value. (Previously referred to as written down value or WDV) Any Depreciating Asset with a cost to the investor of less than $300 can be immediately written-off. i.e. depreciated at 100%. This is only available where the item is not part of a set (e.g. there are no identical items present or a table and chair setting) costing more than $300. The Low Value Pool was introduced on July 1, 2001 and is the grouping of all items with a purchase price of less than $1,000. Any items that have been in the pool for less than a year are depreciated at the rate of 18.75% per annum for the first incomplete year, and 37.5% per annum for subsequent years.It is a collection of both "Low Cost Assets" and "Low Value Assets" described below. The Prime Cost Method of depreciation cannot use the "Low Value Assets" rulings. A depreciable asset with an installed cost of less than $1000. A depreciable asset that has an adjusted value of less than $1000. The portion of a purchase that is not claimable due to the age of a building or type of asset.
Installed Cost
Effective Life
Diminishing Value Method
Prime Cost Method
Decline in Value Adjusted Value
Immediate Write-Off
Low Value Pool
Low Cost Asset Low Value Asset Black Hole Expenditure
Prime Cost Method & Diminishing Value Method Definitions
The "Prime Cost" method of depreciation can be defined as "depreciating items at a constant rate every year" derived from the initial vlaue of an asset at the time eligible for depreciation.
For example: If a carpet is valued at $1,200 when the property was first available for lease and the effective life assigned by the Tax Commissioner is 10 years, then you wil be entitled to claim $100 every year for 10 years.
The "Diminishing Value" method of Depreciation is the most popular with investors as the percentage rate in the beginning phase of Depreciation is greater than the prime cost method for the same period. The percentage rates then scale in line with the total depreciation value of the item for the remaining depreciation period. For example: The same carpet would have a slightly different percentage rate applied. The same effective life of 10 years still applies but the division is by 150 and then applied to the previous year's adjusted value. 10 years ÷ 150 = 15% Year 1 $225.00 Year 2 $191.25 Year 3 $162.56 Year 4 $138.18 Year 5 $117.45
10 years ÷ 100 = 10% The 10% rate is then applied to the $1,200 value to result in a $120 depreciation amount every year for carpet. Year 4 $120.00 $120.00 Year 5
Year 1
Year 2
Year 3
$120.00
$120.00
$120.00
Prime Cost Method & Diminishing Value Method Definitions
P08
Diminishing Value Method Summary
NOTES
The first year of depreciation is apportioned (pro rata) to the number of days the property was available for lease in the 1st financial year. The figures in grey italics denote items belonging to the common area of the building if applicable. These items are added to your property total depreciation to derive a grand total deduction.
Depreciating Assets
Low Value Pool
Building Allowance
sub total
Total Depreciation
30/6/03 4641.00 0.00 786.17 0.00 3649.59 0.00 9076.76 0.00 9076.76
30/6/04 3799.29 0.00 1277.57 0.00 4690.50 0.00 9767.36 0.00 9767.36
30/6/05 3136.48 0.00 1526.32 0.00 4690.50 0.00 9353.30 0.00 9353.30
30/6/06 2383.56 0.00 1968.52 0.00 4690.50 0.00 9042.58 0.00 9042.58
30/6/07 2065.81 0.00 1590.83 0.00 4690.50 0.00 8347.14 0.00 8347.14
30/6/08 1777.26 0.00 1369.14 0.00 4690.50 0.00 7836.90 0.00 7836.90
30/6/09 1592.52 0.00 855.67 0.00 4690.50 0.00 7138.69 0.00 7138.69
30/6/10 1354.96 0.00 899.77 0.00 4690.50 0.00 6945.23 0.00 6945.23
30/6/11 1076.74 0.00 904.80 0.00 4690.50 0.00 6672.04 0.00 6672.04
30/6/12 971.45 0.00 565.52 0.00 4690.50 0.00 6227.47 0.00 6227.47
Depreciating Assets
Low Value Pool
Building Allowance
sub total
Total Depreciation
30/6/13 876.73 0.00 353.43 0.00 4690.50 0.00 5920.66 0.00 5920.66
30/6/14 791.47 0.00 220.91 0.00 4690.50 0.00 5702.88 0.00 5702.88
30/6/15 714.76 0.00 138.06 0.00 4690.50 0.00 5543.32 0.00 5543.32
30/6/16 645.68 0.00 86.29 0.00 4690.50 0.00 5422.47 0.00 5422.47
30/6/17 512.19 0.00 411.75 0.00 4690.50 0.00 5614.44 0.00 5614.44
30/6/18 461.47 0.00 257.84 0.00 4690.50 0.00 5409.81 0.00 5409.81
30/6/19 415.90 0.00 159.14 0.00 4690.50 0.00 5265.54 0.00 5265.54
30/6/20 374.93 0.00 100.50 0.00 4690.50 0.00 5165.93 0.00 5165.93
30/6/21 267.72 0.00 415.09 0.00 4690.50 0.00 5373.31 0.00 5373.31
30/6/22 239.87 0.00 258.49 0.00 4690.50 0.00 5188.86 0.00 5188.86
Diminishing Value Method Summary
P09
Prime Cost Method Summary
NOTES
The first year of depreciation is apportioned (pro rata) to the number of days the property was available for lease in the 1st financial year. The figures in grey italics denote items belonging to the common area of the building if applicable. These items are added to your property total depreciation to derive a grand total deduction.
Depreciating Assets
Low Value Pool
Building Allowance
sub total
Total Depreciation
30/6/03 3555.32 0.00 786.17 0.00 3649.59 0.00 7991.08 0.00 7991.08
30/6/04 2790.61 0.00 1277.57 0.00 4690.50 0.00 8758.68 0.00 8758.68
30/6/05 2790.61 0.00 798.48 0.00 4690.50 0.00 8279.59 0.00 8279.59
30/6/06 2790.61 0.00 499.05 0.00 4690.50 0.00 7980.16 0.00 7980.16
30/6/07 2790.61 0.00 311.90 0.00 4690.50 0.00 7793.01 0.00 7793.01
30/6/08 2790.61 0.00 194.94 0.00 4690.50 0.00 7676.05 0.00 7676.05
30/6/09 2762.70 0.00 121.81 0.00 4690.50 0.00 7575.01 0.00 7575.01
30/6/10 2540.11 0.00 76.15 0.00 4690.50 0.00 7306.76 0.00 7306.76
30/6/11 2540.11 0.00 47.59 0.00 4690.50 0.00 7278.20 0.00 7278.20
30/6/12 2540.11 0.00 29.75 0.00 4690.50 0.00 7260.36 0.00 7260.36
Depreciating Assets
Low Value Pool
Building Allowance
sub total
Total Depreciation
30/6/13 2081.44 0.00 18.59 0.00 4690.50 0.00 6790.53 0.00 6790.53
30/6/14 1950.61 0.00 11.63 0.00 4690.50 0.00 6652.74 0.00 6652.74
30/6/15 1950.61 0.00 7.26 0.00 4690.50 0.00 6648.37 0.00 6648.37
30/6/16 1537.89 0.00 4.53 0.00 4690.50 0.00 6232.92 0.00 6232.92
30/6/17 1022.49 0.00 4.36 0.00 4690.50 0.00 5717.35 0.00 5717.35
30/6/18 1022.49 0.00 3.22 0.00 4690.50 0.00 5716.21 0.00 5716.21
30/6/19 982.52 0.00 0.00 0.00 4690.50 0.00 5673.02 0.00 5673.02
30/6/20 663.75 0.00 0.00 0.00 4690.50 0.00 5354.25 0.00 5354.25
30/6/21 663.75 0.00 0.00 0.00 4690.50 0.00 5354.25 0.00 5354.25
30/6/22 663.75 0.00 0.00 0.00 4690.50 0.00 5354.25 0.00 5354.25
Prime Cost Method Summary
P10
Comparative Graph Prime Cost Vs. Diminishing Value Methods
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Dollars
1 Years Prime Cost
2
3
Diminishing
Comparative Graph
P11
Diminishing Value ‘Depreciating Assets’ Calculator [Years 1-10]
30/6/03 91.10 309.97 116.53 107.79 99.70 92.23 85.31 78.91 LVA 75.28 292.36 LVA 96.29 LVA 84.27 240.23 77.95 LVA LVA 30/6/04 30/6/05 30/6/06 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12
Cost Element
Rate
1290.00 1670.00 675.00 1650.00 599.00
7.5% 22.5% 22.5% 7.5% 7.5%
155.00 125.00 1450.00 1390.00 1280.00 1230.00 695.00 102.40 184.17 169.59 86.87 LVA 94.72 156.54 LVA 80.35 87.62 LVA 81.05 LVA LVA 233.00 170.00 376.40 LVA 8.00 191.00 427.29 363.20 308.72 262.41 223.05 189.59
11.3% 22.5% 7.5% 15.0% 15.0% 7.5% 15.0%
155.00 125.00 84.62 162.23 149.39 71.78 LVA
454.00 233.00 170.00
7.5% 7.5% 7.5%
3225.00
15.0%
161.15
LVA
Appliances Cooktop Dishwasher Dryer Oven Rangehood Electrical Services Auto Opening Door Motors Closed Circuit Television Distribution & Switch Gear Intercom System Light Fittings and Shades Telephone Installation TV antennas Fire Services Fire Alarms Fire Hose Reels Smoke Detectors Floor Coverings Carpet Furniture & Fittings Bar Stools Door Mat Furniture Hydraulic Services
400.00 8.00 191.00
11.3% 30.0% 11.3%
*LVA denotes Low Value Asset falling into the Low Value Pool
Diminishing Value ‘Depreciating Assets’ Calculator [Years 1-10]
P12
Diminishing Value ‘Depreciating Assets’ Calculator [Years 1-10]
30/6/03 162.23 103.00 75.00 25.00 1083.24 418.69 LVA 65.65 79.45 LVA 299.00 LVA 218.84 264.84 244.97 226.60 209.61 193.89 179.34 165.89 153.45 141.94 1270.32 500.43 1127.41 455.39 1000.58 414.40 888.01 377.11 788.11 343.17 699.45 312.28 620.76 284.18 550.93 258.60 488.95 235.33 196.33 181.61 167.99 155.39 143.73 132.95 122.98 113.76 30/6/04 30/6/05 30/6/06 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12 105.23
Rate
7.5% 7.5%
7.5%
11.3%
11.3% 9.0% 11.3% 7.5%
Cost Element Hot Water Service - Electric 2780.00 Irrigation System 103.00 Pumping Equipment 75.00 General Sauna Equipment 25.00 Mechanical Services Air Conditioning Central 12375.00 Lift Service - Electric 5979.00 Mechanical Door Closers 875.00 Mechanical Ventilation 1125.00 Other Gymnasium Equipment 299.00 Signage 495.00 Window Coverings Blinds & Venetians 3750.00
15.0% 7.5%
7.5%
*LVA denotes Low Value Asset falling into the Low Value Pool
Diminishing Value ‘Depreciating Assets’ Calculator [Years 1-10]
P13
Diminishing Value ‘Depreciating Assets’ Calculator [Years 11-20]
30/6/13 30/6/14 30/6/15 30/6/16 30/6/17 30/6/18 30/6/19 30/6/20 30/6/21 30/6/22
Cost Element
Rate
1290.00 1670.00 675.00 1650.00 599.00
7.5% 22.5% 22.5% 7.5% 7.5%
155.00 125.00 1450.00 1390.00 1280.00 1230.00 695.00
11.3% 22.5% 7.5% 15.0% 15.0% 7.5% 15.0%
454.00 233.00 170.00
7.5% 7.5% 7.5%
3225.00
15.0%
Appliances Cooktop Dishwasher Dryer Oven Rangehood Electrical Services Auto Opening Door Motors Closed Circuit Television Distribution & Switch Gear Intercom System Light Fittings and Shades Telephone Installation TV antennas Fire Services Fire Alarms Fire Hose Reels Smoke Detectors Floor Coverings Carpet Furniture & Fittings Bar Stools Door Mat Furniture Hydraulic Services
400.00 8.00 191.00
11.3% 30.0% 11.3%
*LVA denotes Low Value Asset falling into the Low Value Pool
Diminishing Value ‘Depreciating Assets’ Calculator [Years 11-20]
P14
Diminishing Value ‘Depreciating Assets’ Calculator [Years 11-20]
30/6/13 97.34 90.03 83.28 77.04 LVA 30/6/14 30/6/15 30/6/16 30/6/17 30/6/18 30/6/19 30/6/20 30/6/21 30/6/22
Rate
7.5% 7.5%
7.5%
11.3% 433.94 214.15 385.12 194.87 341.80 177.34 303.34 161.38 269.22 146.85 238.93 133.63 212.05 121.61 188.19 110.66 167.02 100.70 148.23 91.64
11.3% 9.0% 11.3% 7.5%
Cost Element Hot Water Service - Electric 2780.00 Irrigation System 103.00 Pumping Equipment 75.00 General Sauna Equipment 25.00 Mechanical Services Air Conditioning Central 12375.00 Lift Service - Electric 5979.00 Mechanical Door Closers 875.00 Mechanical Ventilation 1125.00 Other Gymnasium Equipment 299.00 Signage 495.00 Window Coverings Blinds & Venetians 3750.00 131.30 121.45 112.34 103.92 96.12 88.91 82.24 76.08 LVA
15.0% 7.5%
7.5%
*LVA denotes Low Value Asset falling into the Low Value Pool
Diminishing Value ‘Depreciating Assets’ Calculator [Years 11-20]
P15
Diminishing Value ‘Low Value Pool’ Calculations [Years 1-10]
30/6/03 30/6/04 30/6/05 30/6/06 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12
Cost Element
Rate
1290.00 1670.00 675.00 1650.00 599.00 126.56 112.31 182.51 114.07 71.29 44.56 27.85 17.40 205.67 128.54 310.29 80.34
7.5% 22.5% 22.5% 7.5% 7.5%
360.52 193.93 50.21
225.33 121.21 31.38
140.83 75.75 19.61
88.02 47.35 12.26 364.96 10.88
55.01 29.59 7.66 228.10 6.80
34.38 18.50 4.79 142.57 4.25
155.00 125.00 1450.00 1390.00 1280.00 1230.00 695.00 360.38 130.31 85.12 138.33 86.46 54.03 33.77 211.76 132.35 332.65 225.24 371.62 82.72 21.11 207.90 140.77 232.27 51.70 374.85 129.94 87.99 145.17 32.31 234.28 81.21 54.99 90.73 20.19 13.19
11.3% 22.5% 7.5% 15.0% 15.0% 7.5% 15.0%
146.42 50.76 34.37 56.70 12.62 8.25
91.52 31.72 21.48 35.44 7.89 5.15
57.20 19.83 13.42 22.15 4.93 3.22
454.00 233.00 170.00
7.5% 7.5% 7.5%
3225.00 75.00 121.88 76.17 47.61
15.0% 29.75 18.60 11.62 7.26
342.45 4.54
214.03 2.84
Appliances Cooktop Dishwasher Dryer Oven Rangehood Electrical Services Auto Opening Door Motors Closed Circuit Television Distribution & Switch Gear Intercom System Light Fittings and Shades Telephone Installation TV antennas Fire Services Fire Alarms Fire Hose Reels Smoke Detectors Floor Coverings Carpet Furniture & Fittings Bar Stools Door Mat Furniture Hydraulic Services
400.00 8.00 191.00
11.3% 30.0% 11.3%
Diminishing Value ‘Low Value Pool’ Calculations [Years 1-10]
P16
Diminishing Value ‘Low Value Pool’ Calculations [Years 1-10]
30/6/03 30/6/04 30/6/05 30/6/06 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12
Rate
7.5% 7.5%
7.5%
11.3%
11.3% 9.0% 11.3% 7.5% 164.06 266.60 166.63 367.46 104.14 229.67 65.09 143.54 40.68 89.71 25.42 56.07
15.89 35.04
9.93 21.90
6.21 13.69
Cost Element Hot Water Service - Electric 2780.00 Irrigation System 103.00 Pumping Equipment 75.00 General Sauna Equipment 25.00 Mechanical Services Air Conditioning Central 12375.00 Lift Service - Electric 5979.00 Mechanical Door Closers 875.00 Mechanical Ventilation 1125.00 Other Gymnasium Equipment 299.00 Signage 495.00 Window Coverings Blinds & Venetians 3750.00 92.81 150.82 94.26 58.92 36.82 23.01 14.38 8.99 5.62
15.0% 7.5%
3.51
7.5%
Diminishing Value ‘Low Value Pool’ Calculations [Years 1-10]
P17
Diminishing Value ‘Low Value Pool’ Calculations [Years 11-20]
30/6/13 1.28 0.69 5.31 3.32 0.80 0.43 0.50 0.72 2.07 30/6/14 30/6/15 30/6/16 30/6/17 30/6/18 30/6/19 30/6/20 30/6/21 30/6/22 0.83
Cost Element
Rate
1290.00 1670.00 675.00 1650.00 599.00
7.5% 22.5% 22.5% 7.5% 7.5%
21.49 11.56 2.99 89.10 2.66
13.43 7.22 1.87 55.69 1.66
8.40 4.51 1.17 34.81 1.03
5.25 2.82 0.73 21.75 0.65
3.28 1.77 0.46 13.60 0.40
2.05 1.10 0.76 8.50 0.68
1.30
155.00 125.00 1450.00 1390.00 1280.00 1230.00 695.00 35.74 12.39 8.39 13.84 3.08 2.01 1.26 0.79 0.49 0.82 22.34 7.75 5.25 8.65 1.93 13.96 4.84 3.28 5.41 1.20 8.73 3.03 2.05 3.38 0.75 5.46 1.89 1.28 2.11 0.47 3.41 1.18 0.80 1.32 0.79 2.13 0.74 0.50 0.83
11.3% 22.5% 7.5% 15.0% 15.0% 7.5% 15.0%
1.33 0.46 0.83 0.52
0.83 0.77 0.86
0.52
454.00 233.00 170.00 133.77 1.77 1.11 0.69 0.43 83.60 52.25 32.66 20.41 0.73
7.5% 7.5% 7.5%
3225.00
15.0%
12.76
7.97
4.98
3.12
1.95
Appliances Cooktop Dishwasher Dryer Oven Rangehood Electrical Services Auto Opening Door Motors Closed Circuit Television Distribution & Switch Gear Intercom System Light Fittings and Shades Telephone Installation TV antennas Fire Services Fire Alarms Fire Hose Reels Smoke Detectors Floor Coverings Carpet Furniture & Fittings Bar Stools Door Mat Furniture Hydraulic Services
400.00 8.00 191.00
11.3% 30.0% 11.3%
Diminishing Value ‘Low Value Pool’ Calculations [Years 11-20]
P18
Diminishing Value ‘Low Value Pool’ Calculations [Years 11-20]
30/6/13 356.29 222.68 139.18 86.98 54.37 30/6/14 30/6/15 30/6/16 30/6/17 30/6/18 30/6/19 30/6/20 30/6/21 30/6/22 33.98
Rate
7.5% 7.5%
7.5%
11.3%
11.3% 9.0% 11.3% 7.5% 3.88 8.56 0.51 2.43 5.35 1.52 3.34 0.94 2.09 0.59 1.30 0.99 0.82
0.85
Cost Element Hot Water Service - Electric 2780.00 Irrigation System 103.00 Pumping Equipment 75.00 General Sauna Equipment 25.00 Mechanical Services Air Conditioning Central 12375.00 Lift Service - Electric 5979.00 Mechanical Door Closers 875.00 Mechanical Ventilation 1125.00 Other Gymnasium Equipment 299.00 Signage 495.00 Window Coverings Blinds & Venetians 3750.00 2.20 1.37 0.86 0.54 0.89 351.85
15.0% 7.5%
7.5%
219.91
Diminishing Value ‘Low Value Pool’ Calculations [Years 11-20]
P19
Diminishing Value ‘Capital Allowances’ Calculator [Years 1-20]
Years 1-10 $4690.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4690.50 $4690.50 $4690.50 $4690.50 $4690.50 $4690.50
30/6/03
30/6/04
30/6/05
30/6/06
30/6/07
30/6/08
30/6/09
30/6/10
30/6/11 $4690.50 $0.00
30/6/12 $4690.50 $0.00
Your Property
$3649.59
Common areas
$0.00
Years 11-20 $4690.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4690.50 $4690.50 $4690.50 $4690.50 $4690.50
30/6/13
30/6/14
30/6/15
30/6/16
30/6/17
30/6/18
30/6/19
30/6/20 $4690.50 $0.00
30/6/21 $4690.50 $0.00
30/6/22 $4690.50 $0.00
Your Property
$4690.50
Common areas
$0.00
NOTES
Your property’s estimated construction of $187620.00 is depreciable at 2.5% over 40 years starting on 19-09-2002.
Diminishing Value ‘Capital Allowances’ Calculator [Years 1-20]
P20
Prime Cost ’Depreciating Assets’ Calculator [Years 1-10]
30/6/03 64.50 250.50 82.50 82.50 82.50 82.50 82.50 82.50 82.50 64.50 250.50 64.50 250.50 64.50 250.50 64.50 250.50 64.50 222.59 64.50 64.50 30/6/04 30/6/05 30/6/06 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12 64.50
Cost Element
Rate
1290.00 1670.00 675.00 1650.00 599.00
5.0% 15.0% 15.0% 5.0% 5.0%
50.19 194.91 LVA 64.19 LVA
82.50
82.50
155.00 125.00 1450.00 1390.00 1280.00 1230.00 695.00 72.50 139.00 128.00 61.50 72.50 139.00 128.00 61.50 72.50 139.00 128.00 61.50 72.50 139.00 128.00 61.50 72.50 139.00 128.00 61.50 72.50 139.00 128.00 61.50 LVA 233.00 170.00 250.93 LVA 8.00 191.00 322.50 322.50 322.50 322.50 322.50 322.50
7.5% 15.0% 5.0% 10.0% 10.0% 5.0% 10.0%
155.00 125.00 56.41 108.15 99.59 47.85 LVA
72.50 139.00 128.00 61.50
72.50 139.00 128.00 61.50
72.50 139.00 128.00 61.50
454.00 233.00 170.00
5.0% 5.0% 5.0%
3225.00
10.0%
322.50
322.50
322.50
Appliances Cooktop Dishwasher Dryer Oven Rangehood Electrical Services Auto Opening Door Motors Closed Circuit Television Distribution & Switch Gear Intercom System Light Fittings and Shades Telephone Installation TV antennas Fire Services Fire Alarms Fire Hose Reels Smoke Detectors Floor Coverings Carpet Furniture & Fittings Bar Stools Door Mat Furniture Hydraulic Services
400.00 8.00 191.00
7.5% 20.0% 7.5%
*LVA denotes Low Value Asset falling into the Low Value Pool
Prime Cost ‘Depreciating Assets’ Calculator [Years 1-10]
P21
Prime Cost ’Depreciating Assets’ Calculator [Years 1-10]
30/6/03 108.15 103.00 75.00 25.00 722.16 279.13 LVA 43.77 56.25 56.25 56.25 56.25 56.25 56.25 299.00 LVA 145.89 187.50 187.50 187.50 187.50 187.50 187.50 187.50 187.50 187.50 928.12 358.74 928.12 358.74 928.12 358.74 928.12 358.74 928.12 358.74 928.12 358.74 928.12 358.74 56.25 928.12 358.74 56.25 928.12 358.74 56.25 139.00 139.00 139.00 139.00 139.00 139.00 139.00 139.00 30/6/04 30/6/05 30/6/06 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12 139.00
Rate
5.0% 5.0%
5.0%
7.5%
7.5% 6.0% 7.5% 5.0%
Cost Element Hot Water Service - Electric 2780.00 Irrigation System 103.00 Pumping Equipment 75.00 General Sauna Equipment 25.00 Mechanical Services Air Conditioning Central 12375.00 Lift Service - Electric 5979.00 Mechanical Door Closers 875.00 Mechanical Ventilation 1125.00 Other Gymnasium Equipment 299.00 Signage 495.00 Window Coverings Blinds & Venetians 3750.00
10.0% 5.0%
5.0%
*LVA denotes Low Value Asset falling into the Low Value Pool
Prime Cost ‘Depreciating Assets’ Calculator [Years 1-10]
P22
Prime Cost ’Depreciating Assets’ Calculator [Years 11-20]
30/6/13 64.50 64.50 64.50 64.50 64.50 64.50 64.50 64.50 64.50 30/6/14 30/6/15 30/6/16 30/6/17 30/6/18 30/6/19 30/6/20 30/6/21 30/6/22 64.50
Cost Element
Rate
1290.00 1670.00 675.00 1650.00 599.00 82.50 82.50 82.50 82.50 82.50 82.50 82.50 82.50
5.0% 15.0% 15.0% 5.0% 5.0%
82.50
82.50
155.00 125.00 1450.00 1390.00 1280.00 1230.00 695.00 72.50 30.85 28.41 61.50 61.50 61.50 61.50 61.50 61.50 72.50 72.50 72.50 72.50 72.50 72.50 61.50
72.50
72.50
72.50
7.5% 15.0% 5.0% 10.0% 10.0% 5.0% 10.0%
61.50
61.50
61.50
454.00 233.00 170.00 71.57
5.0% 5.0% 5.0%
3225.00
10.0%
Appliances Cooktop Dishwasher Dryer Oven Rangehood Electrical Services Auto Opening Door Motors Closed Circuit Television Distribution & Switch Gear Intercom System Light Fittings and Shades Telephone Installation TV antennas Fire Services Fire Alarms Fire Hose Reels Smoke Detectors Floor Coverings Carpet Furniture & Fittings Bar Stools Door Mat Furniture Hydraulic Services
400.00 8.00 191.00
7.5% 20.0% 7.5%
*LVA denotes Low Value Asset falling into the Low Value Pool
Prime Cost ‘Depreciating Assets’ Calculator [Years 11-20]
P23
Prime Cost ’Depreciating Assets’ Calculator [Years 11-20]
30/6/13 139.00 139.00 139.00 139.00 139.00 139.00 139.00 139.00 139.00 30/6/14 30/6/15 30/6/16 30/6/17 30/6/18 30/6/19 30/6/20 30/6/21 30/6/22 139.00
Rate
5.0% 5.0%
5.0%
7.5% 928.12 358.74 358.74 56.25 56.25 56.25 358.74 318.77 56.25 56.25 56.25 56.25 56.25 56.25 56.25 928.12 358.74 928.12 358.74 515.40 358.74
7.5% 6.0% 7.5% 5.0%
Cost Element Hot Water Service - Electric 2780.00 Irrigation System 103.00 Pumping Equipment 75.00 General Sauna Equipment 25.00 Mechanical Services Air Conditioning Central 12375.00 Lift Service - Electric 5979.00 Mechanical Door Closers 875.00 Mechanical Ventilation 1125.00 Other Gymnasium Equipment 299.00 Signage 495.00 Window Coverings Blinds & Venetians 3750.00 187.50 187.50 187.50 187.50 187.50 187.50 187.50 187.50 187.50
10.0% 5.0% 187.50
5.0%
*LVA denotes Low Value Asset falling into the Low Value Pool
Prime Cost ‘Depreciating Assets’ Calculator [Years 11-20]
P24
Prime Cost ’Low Value Pool’ Calculations [Years 1-10]
30/6/03 30/6/04 30/6/05 30/6/06 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12
Cost Element
Rate
1290.00 1670.00 675.00 1650.00 599.00 126.56 112.31 182.51 114.07 71.29 44.56 27.85 17.40 10.88 205.67 128.54 80.34 50.21 31.38 19.61 12.26
5.0% 15.0% 15.0% 5.0% 5.0%
7.66 6.80
4.79 4.25
155.00 125.00 1450.00 1390.00 1280.00 1230.00 695.00 130.31 85.12 138.33 86.46 54.03 33.77 211.76 132.35 82.72 51.70 32.31 21.11 20.19 13.19
7.5% 15.0% 5.0% 10.0% 10.0% 5.0% 10.0%
12.62 8.25
7.89 5.15
4.93 3.22
454.00 233.00 170.00
5.0% 5.0% 5.0%
3225.00 75.00 121.88 76.17 47.61
10.0% 29.75 18.60 11.62 7.26 4.54 2.84
Appliances Cooktop Dishwasher Dryer Oven Rangehood Electrical Services Auto Opening Door Motors Closed Circuit Television Distribution & Switch Gear Intercom System Light Fittings and Shades Telephone Installation TV antennas Fire Services Fire Alarms Fire Hose Reels Smoke Detectors Floor Coverings Carpet Furniture & Fittings Bar Stools Door Mat Furniture Hydraulic Services
400.00 8.00 191.00
7.5% 20.0% 7.5%
Prime Cost ‘Low Value Pool’ Calculations [Years 1-10]
P25
Prime Cost ’Low Value Pool’ Calculations [Years 1-10]
30/6/03 30/6/04 30/6/05 30/6/06 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12
Rate
5.0% 5.0%
5.0%
7.5%
7.5% 6.0% 7.5% 5.0% 164.06 266.60 166.63 104.14 65.09 40.68 25.42
15.89
9.93
6.21
Cost Element Hot Water Service - Electric 2780.00 Irrigation System 103.00 Pumping Equipment 75.00 General Sauna Equipment 25.00 Mechanical Services Air Conditioning Central 12375.00 Lift Service - Electric 5979.00 Mechanical Door Closers 875.00 Mechanical Ventilation 1125.00 Other Gymnasium Equipment 299.00 Signage 495.00 Window Coverings Blinds & Venetians 3750.00 92.81 150.82 94.26 58.92 36.82 23.01 14.38 8.99 5.62
10.0% 5.0%
3.51
5.0%
Prime Cost ‘Low Value Pool’ Calculations [Years 1-10]
P26
Prime Cost ’Low Value Pool’ Calculations [Years 11-20]
30/6/13 30/6/14 30/6/15 30/6/16 30/6/17 30/6/18 30/6/19 30/6/20 30/6/21 30/6/22
Cost Element
Rate
1290.00 1670.00 675.00 1650.00 599.00 2.99 2.66 1.66 1.03 0.65 0.40 0.68 1.87 1.17 0.73 0.46 0.76
5.0% 15.0% 15.0% 5.0% 5.0%
155.00 125.00 1450.00 1390.00 1280.00 1230.00 695.00 3.08 2.01 1.26 0.79 0.49 0.82 1.93 1.20 0.75 0.47 0.79
7.5% 15.0% 5.0% 10.0% 10.0% 5.0% 10.0%
454.00 233.00 170.00
5.0% 5.0% 5.0%
3225.00 1.77 1.11 0.69 0.43
10.0% 0.73
Appliances Cooktop Dishwasher Dryer Oven Rangehood Electrical Services Auto Opening Door Motors Closed Circuit Television Distribution & Switch Gear Intercom System Light Fittings and Shades Telephone Installation TV antennas Fire Services Fire Alarms Fire Hose Reels Smoke Detectors Floor Coverings Carpet Furniture & Fittings Bar Stools Door Mat Furniture Hydraulic Services
400.00 8.00 191.00
7.5% 20.0% 7.5%
Prime Cost ‘Low Value Pool’ Calculations [Years 11-20]
P27
Prime Cost ’Low Value Pool’ Calculations [Years 11-20]
30/6/13 30/6/14 30/6/15 30/6/16 30/6/17 30/6/18 30/6/19 30/6/20 30/6/21 30/6/22
Rate
5.0% 5.0%
5.0%
7.5%
7.5% 6.0% 7.5% 5.0% 3.88 2.43 1.52 0.94 0.59 0.99
Cost Element Hot Water Service - Electric 2780.00 Irrigation System 103.00 Pumping Equipment 75.00 General Sauna Equipment 25.00 Mechanical Services Air Conditioning Central 12375.00 Lift Service - Electric 5979.00 Mechanical Door Closers 875.00 Mechanical Ventilation 1125.00 Other Gymnasium Equipment 299.00 Signage 495.00 Window Coverings Blinds & Venetians 3750.00 2.20 1.37 0.86 0.54 0.89
10.0% 5.0%
5.0%
Prime Cost ‘Low Value Pool’ Calculations [Years 11-20]
P28
Prime Cost ‘Capital Allowances’ Calculator [Years 1-20]
Years 1-10 $4690.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4690.50 $4690.50 $4690.50 $4690.50 $4690.50 $4690.50
30/6/03
30/6/04
30/6/05
30/6/06
30/6/07
30/6/08
30/6/09
30/6/10
30/6/11 $4690.50 $0.00
30/6/12 $4690.50 $0.00
Your Property
$3649.59
Common areas
$0.00
Years 11-20 $4690.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4690.50 $4690.50 $4690.50 $4690.50 $4690.50
30/6/13
30/6/14
30/6/15
30/6/16
30/6/17
30/6/18
30/6/19
30/6/20 $4690.50 $0.00
30/6/21 $4690.50 $0.00
30/6/22 $4690.50 $0.00
Your Property
$4690.50
Common areas
$0.00
NOTES
Your property’s estimated construction of $187620.00 is depreciable at 2.5% over 40 years starting on 19-09-2002.
Prime Cost ‘Capital Allowances’ Calculator [Years 1-20]
P29
Furniture Package Option
We have clients that lease their properties with furniture and the depreciation is attractive. This graph represents the additional depreciation you MIGHT achieve by leasing your property with a typical furniture package. This package assumes an outlay of $20,000 for a style similar to a serviced apartment.
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Dollars
1 Years Diminishing (Furn)
2
3
Diminishing
Prime Cost
Prime Cost (Furn)
Furniture Package Option
P30