Depreciation deductions
Before 1/7/2001, Division 42 dealt with the depreciation provisions. From 1/7/2001 onwards, Division 40 deals with these deductions, BUT, under transitional provisions, those assets held before that date will be transferred into the new system. However the same calculation method, cost and effective life or accelerated rate will apply to the pre 1/7/2001 assets as would have been applied under the old system.
	What is depreciation? (The pre 1/7/2001 way of doing things)
	Section 40-25 allows a deduction for Depreciation, but just exactly what is depreciation?
	Depreciation - deduction based on cost of plant: sec 42-65
	Depreciation - rate based on effective life of plant: sec 42-100
	Depreciation - choosing the rate to be used: sec 42-120,125
	Depreciation - will it be prime cost or diminishing value? : sec 42-160 & 165
	Depreciation - balancing adjustment - the final reckoning: sec 42-190 & 195
	Depreciation of Computers and Computer Software
	The Changes to the Depreciation System after 21/9/99
	The rates adopted by the Commissioner of Taxation
	Commissioner’s guidelines
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