Depreciation cost for Plant & Equipment.

Discussion in 'Accounting & Tax' started by Byeow, 3rd Apr, 2017.

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  1. Byeow

    Byeow Active Member

    Joined:
    20th Oct, 2015
    Posts:
    34
    Location:
    Melbourne
    I have a newbie question.
    Let say if I install a split system onto my IP.

    The bill comes in at:
    1000 for the unit and 1000 installation cost.

    Will my depreciation cost base for the split system be $2000 or jsut $1000?

    Thanks.
     
  2. BMT Tax Depreciation

    BMT Tax Depreciation Chris Business Member

    Joined:
    22nd Jun, 2015
    Posts:
    361
    Location:
    Australia
    Hi Byeow,

    The total cost of the split system including installation will be claimable. Therefore you would be claiming the full $2,000 as depreciation.

    Hope this helps.