TAXATION DEPRECIATION SCHEDULE FOR UNIT TO LET · calculated in the schedules are “estimates”prepared for the purpose of depreciation. They are based on historical construction

CLIENTS NAME: Sample Report

SUBJECT SITE: Unit 2408 - 16 Grey St South Brisbane

Job No: 18/16655

The building appears structurally sound and complies with the provisions of the Building

Code Of Australia. We have calculated the quantity and costs of all the plant relating to the

property and prepared the schedules using the Prime Cost Method and Diminishing Value

Method.

You should consult with your accountant or financial advisor in regards to what method

would be appropriate to use for your individual circumstance. The values that have been

calculated in the schedules are “estimates” prepared for the purpose of depreciation. They

are based on historical construction costs, Bureau of Statistics index costs based on local

economic conditions and current costing available.

The purpose of this report is to provide independent analysis of the capital allowances under

the Income Tax Assessment Act 1997. This report has been prepared with the

understanding that the taxpayer owns all of the plant and equipment listed in the schedule.

The report identifies and evaluates the following allowances.

Division 40 Allowances on "Depreciating Assets" This group was previously recognised as

items of plant or articles.

Division 43 Allowances on depreciation of the building, capital works and structural

improvements.

DATE SCHEDULE COMMENCES: 1/07/2018

TAXATION DEPRECIATION SCHEDULE FOR UNIT TO LET

DATE CONSTRUCTION COMPLETE: 1/07/2018

As requested Excel Property Consultants conducted a visual inspection and a quantity

survey for the above mentioned property with intention of determining the physical state of

the building and obtaining the quantity and description of materials used in the construction

of the building. We have prepared a schedule of capital allowances relating to the subject

property.

DATE OF INSPECTION: 4/12/2018

Paul Davis.

3. Assets that have a value that is less than $1000 can be depreciated as part of a Low

Value Pool. Assets that are added to the Low Value Pool are depreciated using the

diminishing value method only at 18.75% in the year they are added to the Low Value Pool

and at 37.5% for the following years.

4. Non business assets that have a value of less than $300 can be written off immediately.

This schedule has been prepared for the sole purpose of depreciation and building

allowance claims and is not to be used for any other purpose. Excel Property Consultants

does not accept any contractual, tortuous or other form of liability for any consequences, loss

or damage, which may arise as a result of any other person acting upon or using this

assessment.

5. The report has been prepared on the assumption that you are not eligible to claim input

tax credits and therefore all cost estimates are inclusive of GST if applicable.

6. The actual cost of all or some of the elements that make up the building structure was not

available. The value of elements where costs were not available have been estimated using

current costing and construction cost indexing.

We appreciate that the schedule contains a lot of figures that may be a little confusing. The

most important page is the last page, which is a summary of the schedules and details the

yearly allowable claims. The first column on this page is the financial year that the schedule

commenced. The third column is the yearly deductions that have been calculated for the

capital works component of your claim and this figure can be inserted directly into your tax

return. The fourth column is the yearly allowable claim if you and your financial advisor

choose to use the Diminishing Value method of depreciation. The fifth column is the yearly

allowable claim if the Prime Cost method of depreciation is used, you have to choose either

the Diminishing Value method or the Prime Cost method and again these figures can be

inserted directly into your tax return. The sixth and seventh columns are the totals of the

Capital Works with both the Diminishing Value method and the Prime Cost method

respectively.

Disclaimer

Yours sincerely,

Different factors can affect the preparation of different schedules and any changes to the

property may require the recalculation of the figures. Should you require any further

assistance or clarification of the schedule please contact Paul Davis on 0408649134.

The schedules are prepared using the following calculations that are recognised by the

Australian Taxation Office.

1. The capital works deductions have been calculated from the estimate of the major

construction costs, timber, concrete, bricks, etc. These are depreciated using only the Prime

Cost Method and are calculated at 2.5% per year for 40 years.

2. The plant or those items that the Australian Taxation office recognise as items of plant are

depreciated according to the effective life of the items, between 4 – 30 years.

Non-deductible Capital Expenditure - In all properties there will be an amount of non-

deductible capital. This may include Capital works completed prior to the 18/07/1985 and

non eligible capital works like landscaping, demolition and site preperation. The amount of

non-deductible capital works will depend on the age of the building and the usage of the

property.

Special Notes

The report has been completed from information given to us by you, and from information

and data gathered form our site inspection of the property in question. If we have included

any items in the report that are not owned by you or you intended claiming as a repair, or

have already claimed it' your responsibility to ensure that they are emitted from any claims

made in relation to the Depreciation Schedule.

The claims that are included in the report in our professional opinion are for all claimable

assets and capital works relating to the property. The claims associated with the property in

this report will change if any of the assets within the property are disposed of or replaced, it

is your responsibility to ensure that your Accountant be made aware of any changes to the

property so the schedule of claims can be adjusted accordingly.

The value of an owner/builder's contribution to capital works is not included in the

construction expenditure.

The Contents of this report should not be treated as advise in taxation, investing or financial

strategy. The contents of the report should only be acted upon after consultation with a

qualified Accountant or tax advisor.

Glossary of Terms

Depreciating Assets- Depreciating Assets or items of plant or articles as they were

previously known can be defined as items that have a limited effective life and are expected

to decline in value with use. They can also be defined as items that can be easily removed

from the property without damage to the property or the item. A comprehensive list of

Depreciating Assets can be found in the ATO'S "Rental Properties Guide"

Effective Life- The effective life of the Depreciating Assets throughout the report are in line

with those set down by the Australian Taxation Office

Prime Cost Method of Depreciation - Method of calculating the decline in value which uses

a constant opening cost base.

Diminishing Value Method of Depreciation - Method of calculating the decline in value

which uses the opening adjusted value as the base for the calculation.

Low - value asset - a depreciable asset which has an adjusted value of less than $1000.

Adjusted Value - The value of an asset after some period of decline in value.

Decline in value - The amount of depreciation between any two date periods.

Low - cost asset - a depreciable asset with an installed cost of less than $1000.

Cost of Installation - The total cost of installation of items into their final position. These

costs may include supply of depreciating asset, labour costs and portion of preliminary fees

and charges.

4. Australian Institute of Quantity Surveyors Building Cost Index

1. Rental Properties Guide - NAT 1729-06-2014 Australian Taxation Office

2.Guide to Depreciating Assets - NAT 1996-06 2014 Australian Taxation Office

> managed investment trustscorporate tax entities

5. Australian Institute of Quantity Surveyors Building Cost Guide

Budget Measure May 9th 2017: "Limit plant and equipment depreciation deductions to

outlays actually incurred by investors". Changes apply from 1st of July 2017.If a contract

to buy a property has been entered into after 7.30pm on May 9th 2017 equipment

depreciation will only be included in the report if purchased new by the investor. The

changes do not affect deductions that arise in the course of carrying on a business or for:

> corporate tax entities

> superannuation plans other than self-managed superannuation funds

> public unit trusts

3. Property Depreciation Handbook - The Australian Institute of Quantity Surveyors

Referenced Documents

> unit trusts or partnerships whose members are the above listed entities

The Contents of this report should not be treated as advise in taxation, investing or financial

strategy. The contents of the report should only be acted upon after consultation with a

qualified Accountant or tax advisor.

Clients Name:

Job No:Quantity Replacement Original Cost WDV At WDV At Effective Diminishing

m2

Cost 1/07/2018 30/06/2019 Life Value

Original Construction 145 $347,724.71 $347,724.71 $347,724.71 $339,055.41 40 2.5%

Structural Improvements 2017/2018 $900.00 $900.00 $883.66 $861.23 40 2.5%

Structural Improvements 40 2.5%




Quantity Replacement Original Cost WDV At WDV At Effective Diminishing

m2 Cost 1/07/2018 30/06/2019 Life Value

Common Area Furniture (Items<$300) (Share) $877.00 $877.00 $877.00 $0.00 13.33 100.00%

Furniture Package (Items>$1000) 13.33 15.00%

Furniture Package (Items<$1000) 13.33 15.00%


Electrical Package (Items<$1000) 10.00 20.00%


Carpet Total m2 29.086 $1,855.69 $1,855.69 $1,855.69 $1,484.55 10.00 20.00%

Vinyl Total m2 10.00 20.00%

Floating Floor Total m2 15.00 13.33%

Vertical Blinds / Venetians Total m2 19.44 $1,500.00 $1,500.00 $1,500.00 $1,218.75 4.00 37.50%

Drapes Total m2 6.00 33.33%

External Blinds Total m2 6.00 33.33%

Fire Extinguishers (Share) 1 $65.00 $65.00 $65.00 $0.00 15.00 100.00%

Fire Hoses (Share) 1 $102.00 $102.00 $102.00 $0.00 10.00 100.00%

Fire Control / Indicator Panel (Share) 1 $733.00 $733.00 $733.00 $595.56 4.00 37.50%

Smoke & Heat Detectors (Total) 1 $1,116.00 $1,116.00 $1,116.00 $1,004.40 20.00 37.50%

Fire Warning / Ceiling Speakers (Total) 1 $1,392.00 $1,392.00 $1,392.00 $1,131.00 12.00 16.67%

Security Alarm Systems 5.00 40.00%

Security Camera Systems (Share) 1 $142.00 $142.00 $142.00 $0.00 5.00 100.00%

Security / Access Intercom (Share) 1 $1,035.00 $1,035.00 $1,035.00 $828.00 10.00 20.00%

Door Openers & Controls (Share) 1 $112.00 $112.00 $112.00 $0.00 10.00 100.00%

Description

Description

Taxation Depreciation Schedule for:

Division 40 Depreciation of Plant

Commencement of Schedule: 1/07/2018

Division 43 Capital Works

Unit 2408 - 16 Grey St South Brisbane

Date of Inspection:

Sample Report

4/12/2018

Notes: The capital works expenses detailed above include an assessment of the original construction and subsequent structural

improvements after 27/02/1992 by you or previous owners of the property. The items that are included are items that are not removable from

the building and include things like concrete, bricks, wall and ceiling lining etc. The capital expenses estimate does not include non

deductable expenses that may form part of the original building cost or contract price. These may include landscaping and earthworks that

are not integral to the structure.

Furniture & Fittings

Window Coverings

Fire Control Equipment

Cont'd overleaf

Security Systems

Floor Coverings

18/16655

Construction Complete: 1/07/2018

Dimishing Value Method of Depreciation

Page 5

Quantity Replacement Original Cost WDV At WDV At Effective Diminishing

m2 Cost 1/07/2018 30/06/2019 Life Value

Bosch Wall Oven 1 $1,888.60 $1,888.60 $1,888.60 $1,573.83 12.00 16.67%

Bosch Cook Top 1 $1,535.00 $1,535.00 $1,535.00 $1,279.17 12.00 16.67%

Bosch Rangehood 1 $638.00 $638.00 $638.00 $518.38 4.00 37.50%

Refrigerator 12.00 16.67%

Built in Coffee Machine 10.00 20.00%

Bosch Microwave 1 $515.00 $515.00 $515.00 $418.44 4.00 37.50%

Bosch Dishwasher 1 $1,220.00 $1,220.00 $1,220.00 $976.00 10.00 20.00%

Haier Clothes Dryer 1 $535.00 $535.00 $535.00 $434.69 4.00 37.50%

Washing Machine 10.00 20.00%

Mechanical Ventilation Equipment (Share) 1 $635.00 $635.00 $635.00 $515.94 4.00 37.50%

Ducted Air-conditioning 1 $8,360.00 $8,360.00 $8,360.00 $6,688.00 10.00 20.00%

Air-conditioning Equipment (split) 10.00 20.00%


Pool Filter Equipment (Share) 1 $188.00 $188.00 $188.00 $0.00 12.00 100.00%

Pool Heating Equipment (Share) 1 $112.00 $112.00 $112.00 $0.00 15.00 100.00%

Pool Pumping & Cleaning Equipment (Share) 1 $185.00 $185.00 $185.00 $0.00 12.00 100.00%

Spa Pumps and Controls 15.00 13.33%

Water Switching Equipment (Share) 1 $56.00 $56.00 $56.00 $0.00 20.00 100.00%

Water Pumping Equipment (Share) 1 $625.00 $625.00 $625.00 $507.81 4.00 37.50%

Electric / Gas Hot Water System (Share) 1 $1,068.00 $1,068.00 $1,068.00 $890.00 12.00 16.67%

Solar Hot Water System 15.00 13.33%

Garage Door Motors (Share) 1 $73.00 $73.00 $73.00 $0.00 5.00 100.00%

Garage Door Controls (Share) 1 $185.00 $185.00 $185.00 $0.00 10.00 100.00%

Common Area Gate Motors & Controls (Share) 1 $112.00 $112.00 $112.00 $0.00 10.00 100.00%

Ceiling Fans 3 $894.00 $894.00 $894.00 $0.00 5.00 100.00%

Exhaust Fans 10.00 20.00%

Light Shades (removable) (Total) 1 $131.00 $131.00 $131.00 $0.00 5.00 100.00%

Sewage Treatment Controls & Motors 20.00 10.00%

Solar Power System 20.00 10.00%

Generators 20.00 10.00%

Passenger Lifts (Share) 1 $9,860.00 $9,860.00 $9,860.00 $9,202.67 30.00 6.67%

Garbage Disposal 20.00 10.00%

MATV System (Share) 1 $331.00 $331.00 $331.00 $268.94 4.00 37.50%

Sprinkler Control System (Share) 1 $56.00 $56.00 $56.00 $0.00 5.00 100.00%

Vacumn System 10.00 20.00%

Shade Sail (sail only) 10.00 20.00%

Telephone Handset 10.00 20.00%

Television 10.00 20.00%

Garden Shed 15.00 13.33%

Water Filter Cartridges 5.00 40.00%

Sauna Controls and Heaters (Share) 1 $43.00 $43.00 $43.00 $0.00 15.00 100.00%

Totals $385,900.00 $385,900.00 $38,175.29 $29,536.12

Laundry

Electrical Equipment

Kitchen Appliances

Division 40 Depreciation of Plant cont'd

Other

Pool Filter & Cleaning Equipment

Air Conditioning & Ventilation Equip

Dimishing Value Method of DepreciationDescription

Page 6

Clients Name:

Job No:WDV At WDV At WDV At WDV At

30/06/2020 30/06/2023 30/06/2024 30/06/2025

Original Construction $330,362.29 $304,282.94 $295,589.82 $286,896.71

Structural Improvements 2017/2018 $838.73 $771.23 $748.73 $726.23

Structural Improvements




WDV At WDV At WDV At WDV At

30/06/2020 30/06/2023 30/06/2024 30/06/2025

$0.00 $0.00 $0.00 $0.00

$1,187.64 $608.07 $486.46 $389.17

$761.72 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$372.23 $0.00 $0.00 $0.00

$903.96 $658.99 $593.09 $533.78

$706.88 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$662.40 $339.15 $271.32 $0.00

$0.00 $0.00 $0.00 $0.00

Description

$0.00

$0.00

Furniture Package (Items<$1000)

$476.07

$441.80

Security / Access Intercom

$232.64

$813.56 $732.21

$0.00

Security Alarm Systems

Smoke & Heat Detectors

$0.00

Door Openers & Controls

Cont'd overleaf

Security Camera Systems

$276.12Fire Warning / Ceiling Speakers

Electrical Package (Items<$1000)

$0.00

$0.00

Sample Report

1/07/2018


$816.23


$423.94

$0.00

$529.92

Fire Hoses

Window Coverings

$0.00

$950.11

Floating Floor

Vertical Blinds / Venetians

Drapes

Fire Control / Indicator Panel

$297.55

Security Systems

$760.09

$0.00

External Blinds

$321,669.18

Commencement of Schedule:

Date of Inspection:

30/06/2021 30/06/2022

$0.00

1/07/2018


Furniture Package (Items>$1000)

Construction Complete:


Common Area Furniture (Items<$300)

4/12/2018WDV At

30/06/2022

$312,976.06

WDV At


Notes: The Replacement Cost is an estimate of the current cost of an asset at the time of the inspection. The Original cost is an estimate

of the construction cost or asset cost at the time of construction. The Written Down Value is the value of the asset at the end of the

financial year. The first financial years depreciation is calculated as a pro rata based on the numbers of days the asset is held for the year.

The effective live is the reasonable life expectancy of an asset. The effective lives used in the report are the same as set down by the


18/16655


Description WDV At

$0.00


Vinyl

Floor Coverings

Fire Extinguishers

Carpet



$793.73

WDV At

30/06/2021

Page 7


30/06/2020 30/06/2023 30/06/2024 30/06/2025

$1,311.53 $758.99 $632.49 $527.07

$1,065.97 $616.88 $514.07 $428.39

$323.98 $0.00 $0.00 $0.00

$261.52 $0.00 $0.00 $0.00

$780.80 $399.77 $319.82 $255.85

$271.68 $0.00 $0.00 $0.00

$322.46 $0.00 $0.00 $0.00

$5,350.40 $2,739.40 $2,191.52 $1,753.22

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$317.38 $0.00 $0.00 $0.00

$741.67 $429.21 $357.67 $298.06

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$8,589.16 $6,983.30 $6,517.75 $6,083.23

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

Totals $23,931.37 $13,533.76 $11,884.18 $10,268.77$19,567.31 $16,062.07

Sauna Controls and Heaters

Water Switching Equipment

Water Pumping Equipment

Pool Filter Equipment

Air-conditioning Equipment (split)


Ducted Air-conditioning

Mechanical Ventilation Equipment

Generators

Ceiling Fans

Exhaust Fans

Light Shades (removable)

Other

Sewage Treatment Controls & Motors

$0.00$0.00

$515.05

Garage Door Controls

$0.00

$0.00

$618.06

$0.00

$0.00

$0.00

Water Filter Cartridges

Passenger Lifts


Garden Shed

Garbage Disposal

MATV System

Sprinkler Control System

Vacumn System

Shade Sail (sail only)

$0.00

$0.00

Television

Telephone Handset

$0.00

$0.00

$201.54

$4,280.32 $3,424.26

Common Area Gate Motors & Controls

$0.00Garage Door Motors


Electric / Gas Hot Water System


Bosch Dishwasher

$0.00

Refrigerator

$0.00

$0.00

$0.00

$198.36


Bosch Microwave

30/06/2022

$0.00

$0.00

$0.00

$0.00

$499.71

$0.00

$740.26

$0.00

$0.00

WDV At

30/06/2021

Pool Pumping & Cleaning Equipment $0.00

Spa Pumps and Controls

$624.64

$1,092.94

Haier Clothes Dryer

Washing Machine


Laundry

$0.00

WDV At

Solar Power System

Bosch Wall Oven

Bosch Cook Top

Built in Coffee Machine

Solar Hot Water System

Pool Heating Equipment

Bosch Rangehood

$888.31

$202.49

Description

Kitchen Appliances

$910.78

$0.00

$0.00

$0.00

$8,016.55

$0.00

$0.00

$0.00

$7,482.11

Page 8

Clients Name:


30/06/2026 30/06/2029 30/06/2030 30/06/2031








30/06/2026 30/06/2029 30/06/2030 30/06/2031

$0.00 $0.00 $0.00 $0.00

$311.33 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$480.40 $350.21 $315.19 $283.67

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

Description

$0.00

Drapes

Window Coverings

Floor Coverings



$0.00

$249.07

$432.36

$0.00

$0.00

$0.00


Fire Warning / Ceiling Speakers

$0.00

$0.00

Security Camera Systems $0.00

Security / Access Intercom

Cont'd overleaf

Security Systems

Vinyl

Fire Control / Indicator Panel $0.00

Door Openers & Controls

$0.00

Floating Floor

30/06/2027

$0.00





WDV At




Fire Extinguishers $0.00

Fire Hoses


External Blinds

Carpet

Notes: The Written Down Value of the capital works and individual depreciating assets are supplied at the end of each financial year.

The purpose if this to allow you to have a clearer understanding of how much value may be left in certain assets that you may be

contemplating writing off and replacing. All Depreciating Assets with a value of less than $1000 are depreciated using a low value

pool. The calculation for the low value pool although calculated using the dimishing value method is included in both the prime cost

and diminishing value schedules.

$0.00Vertical Blinds / Venetians


Sample Report

$269,510.47 $260,817.35

WDV At

30/06/2028


WDV At

30/06/2027

Construction Complete: 1/07/2018 Commencement of Schedule:

18/16655

$681.23 $658.73

1/07/2018

Date of Inspection: 4/12/2018

Division 40 Depreciation of Plant Dimishing Value Method of DepreciationDescription

30/06/2028

$0.00

$0.00

WDV At

$389.13

$0.00

$0.00

$0.00

$0.00

Page 9


30/06/2026 30/06/2029 30/06/2030 30/06/2031

$439.23 $254.18 $0.00 $0.00

$356.99 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$1,402.58 $718.12 $574.49 $459.60

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$5,677.68 $4,616.17 $4,308.42 $4,021.19

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

Totals $8,668.21 $5,938.68 $5,198.11 $4,764.46

30/06/2027 30/06/2028

WDV At

$7,766.17 $6,537.69


Bosch Cook Top $297.49 $0.00

Common Area Gate Motors & Controls

$0.00

Garage Door Controls $0.00


Electric / Gas Hot Water System $0.00 $0.00

Water Pumping Equipment $0.00

$0.00



Water Switching Equipment $0.00 $0.00

$0.00

$0.00

Description

Laundry

$0.00

$1,122.06 $897.65


$0.00

Ceiling Fans $0.00




Haier Clothes Dryer $0.00

Washing Machine


Bosch Microwave

Garage Door Motors $0.00 $0.00

$0.00




$0.00

$305.02

$0.00

$0.00

$0.00

$366.02

$0.00

Kitchen Appliances

Bosch Wall Oven

Bosch Rangehood $0.00


$0.00


$0.00

Bosch Dishwasher $0.00 $0.00

Refrigerator


$0.00

Pool Heating Equipment

$0.00

Exhaust Fans

$0.00

Sprinkler Control System $0.00

Passenger Lifts $5,299.17 $4,945.89

Garbage Disposal

Solar Power System

Generators

Other

Light Shades (removable) $0.00 $0.00

MATV System

Vacumn System


Sauna Controls and Heaters $0.00 $0.00

Garden Shed


Telephone Handset

Television

$0.00

WDV At

$0.00

Page 10

Clients Name:

Job No:Quantity Replacement Original Cost WDV At WDV At Effective Prime

m2

Cost 1/07/2018 30/06/2019 Life Cost

Original Construction 145 $347,724.71 $347,724.71 $347,724.71 $339,055.41 40 2.5%

Structural Improvements 2017/2018 $900.00 $900.00 $883.66 $861.23 40 2.5%





Quantity Replacement Original Cost WDV At WDV At Effective Prime

m2 Cost 1/07/2018 30/06/2019 Life Cost

Common Area Furniture (Items<$300) (Share) $877.00 $877.00 $877.00 $0.00 13.33 37.50%

Furniture Package (Items>$1000) 13.33 7.50%





Carpet 29.086 $1,855.69 $1,855.69 $1,855.69 $1,670.12 10.00 10.00%

Vinyl 10.00 10.00%

Floating Floor 15.00 6.67%

Vertical Blinds / Venetians 19.44 $1,500.00 $1,500.00 $1,500.00 $1,218.75 4.00 37.50%

Drapes 6.00 16.67%

External Blinds 6.00 16.67%

Fire Extinguishers (Share) 1 $65.00 $65.00 $65.00 $0.00 15.00 100.00%

Fire Hoses (Share) 1 $102.00 $102.00 $102.00 $0.00 10.00 100.00%

Fire Control / Indicator Panel (Share) 1 $733.00 $733.00 $733.00 $595.56 4.00 37.50%

Smoke & Heat Detectors (Total) 1 $1,116.00 $1,116.00 $1,116.00 $1,060.20 20.00 37.50%

Fire Warning / Ceiling Speakers (Total) 1 $1,392.00 $1,392.00 $1,392.00 $1,276.00 12.00 8.33%

Security Alarm Systems 5.00 20.00%

Security Camera Systems (Share) 1 $142.00 $142.00 $142.00 $0.00 5.00 100.00%

Security / Access Intercom (Share) 1 $1,035.00 $1,035.00 $1,035.00 $931.50 10.00 10.00%

Door Openers & Controls (Share) 1 $112.00 $112.00 $112.00 $0.00 10.00 100.00%

Floor Coverings

Description

Description


Window Coverings

Cont'd overleaf

Security Systems

Prime Cost Method of Depreciation


Commencement of Schedule:1/07/2018 1/07/2018


Sample Report




Notes: The capital works expenses detailed above include an assessment of the original construction and subsequent structural

improvements after 27/02/1992 by you or previous owners of the property. The items that are included are items that are not removable

from the building and include things like concrete, bricks, wall and ceiling lining etc. The capital expenses estimate does not include non

deductable expenses that may form part of the original building cost or contract price. These may include landscaping and earthworks that

are not integral to the structure.

18/16655



Page 11

Quantity Replacement Original Cost WDV At WDV At Effective Prime

m2 Cost 1/07/2018 30/06/2019 Life Cost

Bosch Wall Oven 1 $1,888.60 $1,888.60 $1,888.60 $1,731.22 12.00 8.33%

Bosch Cook Top 1 $1,535.00 $1,535.00 $1,535.00 $1,407.08 12.00 8.33%

Bosch Rangehood 1 $638.00 $638.00 $638.00 $518.38 4.00 37.50%

Refrigerator 12.00 8.33%

Built in Coffee Machine 10.00 10.00%

Bosch Microwave 1 $515.00 $515.00 $515.00 $418.44 4.00 37.50%

Bosch Dishwasher 1 $1,220.00 $1,220.00 $1,220.00 $1,098.00 10.00 10.00%

Haier Clothes Dryer 1 $535.00 $535.00 $535.00 $434.69 4.00 37.50%

Washing Machine 10.00 10.00%

Mechanical Ventilation Equipment (Share) 1 $635.00 $635.00 $635.00 $515.94 4.00 37.50%

Ducted Air-conditioning 1 $8,360.00 $8,360.00 $8,360.00 $7,524.00 10.00 10.00%



Pool Filter Equipment (Share) 1 $188.00 $188.00 $188.00 $0.00 12.00 100.00%

Pool Heating Equipment (Share) 1 $112.00 $112.00 $112.00 $0.00 15.00 100.00%

Pool Pumping & Cleaning Equipment (Share) 1 $185.00 $185.00 $185.00 $0.00 12.00 100.00%

Spa Pumps and Controls 15.00 6.67%

Water Switching Equipment (Share) 1 $56.00 $56.00 $56.00 $0.00 20.00 100.00%

Water Pumping Equipment (Share) 1 $625.00 $625.00 $625.00 $507.81 4.00 37.50%

Electric / Gas Hot Water System (Share) 1 $1,068.00 $1,068.00 $1,068.00 $979.00 12.00 8.33%

Solar Hot Water System 15.00 6.67%

Garage Door Motors (Share) 1 $73.00 $73.00 $73.00 $0.00 5.00 100.00%

Garage Door Controls (Share) 1 $185.00 $185.00 $185.00 $0.00 10.00 100.00%

Common Area Gate Motors & Controls (Share) 1 $112.00 $112.00 $112.00 $0.00 10.00 100.00%

Ceiling Fans 3 $894.00 $894.00 $894.00 $0.00 5.00 37.50%

Exhaust Fans 10.00 10.00%

Light Shades (removable) (Total) 1 $131.00 $131.00 $131.00 $0.00 5.00 100.00%

Sewage Treatment Controls & Motors 20.00 5.00%

Solar Power System 20.00 5.00%

Generators 20.00 5.00%

Passenger Lifts (Share) 1 $9,860.00 $9,860.00 $9,860.00 $9,531.33 30.00 3.33%

Garbage Disposal 20.00 5.00%

MATV System (Share) 1 $331.00 $331.00 $331.00 $268.94 4.00 37.50%

Sprinkler Control System (Share) 1 $56.00 $56.00 $56.00 $0.00 5.00 100.00%

Vacumn System 10.00 10.00%

Shade Sail (sail only) 10.00 10.00%

Telephone Handset 10.00 10.00%

Television 10.00 10.00%

Garden Shed 15.00 6.67%

Water Filter Cartridges 5.00 20.00%

Sauna Controls and Heaters (Share) 1 $43.00 $43.00 $43.00 $0.00 15.00 100.00%

Totals $385,900.00 $385,900.00 $38,175.29 $31,686.95

Laundry

Description


Division 40 Depreciation of Plant cont'd Prime Cost Method of Depreciation

Kitchen Appliances


Other


Page 12

Clients Name:


30/06/2020 30/06/2023 30/06/2024 30/06/2025








30/06/2020 30/06/2023 30/06/2024 30/06/2025

$0.00 $0.00 $0.00 $0.00

$1,484.55 $927.84 $742.27 $556.71

$761.72 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$372.23 $0.00 $0.00 $0.00

$1,004.40 $837.00 $781.20 $725.40

$1,160.00 $812.00 $696.00 $580.00

$0.00 $0.00 $0.00 $0.00

$828.00 $517.50 $414.00 $310.50

$0.00 $0.00 $0.00 $0.00

Description


Vertical Blinds / Venetians $476.07 $297.55

Security / Access Intercom $724.50

Fire Warning / Ceiling Speakers

$621.00

Vinyl

Floating Floor

Carpet $1,298.98

Window Coverings

Drapes

Cont'd overleaf

Security Camera Systems $0.00 $0.00

Door Openers & Controls $0.00 $0.00

$928.00

$232.64 $0.00

Security Systems

$1,044.00


Smoke & Heat Detectors $948.60 $892.80

Fire Control / Indicator Panel

Fire Extinguishers $0.00 $0.00

Fire Hoses $0.00 $0.00

External Blinds

$1,113.41

$0.00

Floor Coverings







Division 40 Depreciation of Plant Prime Cost Method of DepreciationDescription

$816.23

$321,669.18 $312,976.06

$793.73


Taxation Depreciation Schedule for: Unit 2408 - 16 Grey St South Brisbane

30/06/2021

Commencement of Schedule: 1/07/2018


30/06/2022

WDV At

18/16655WDV At

Sample Report

Construction Complete: 1/07/2018

Notes: The Replacement Cost is an estimate of the current cost of an asset at the time of the inspection. The Original cost is an estimate

of the construction cost or asset cost at the time of construction. The Written Down Value is the value of the asset at the end of the

financial year. The first financial years depreciation is calculated as a pro rata based on the numbers of days the asset is held for the year.

The effective live is the reasonable life expectancy of an asset. The effective lives used in the report are the same as set down by the


WDV At WDV At

$0.00


30/06/2021 30/06/2022

Page 13


30/06/2020 30/06/2023 30/06/2024 30/06/2025

$1,573.83 $1,101.68 $944.30 $786.92

$1,279.17 $895.42 $767.50 $639.58

$323.98 $0.00 $0.00 $0.00

$261.52 $0.00 $0.00 $0.00

$976.00 $610.00 $488.00 $366.00

$271.68 $0.00 $0.00 $0.00

$322.46 $0.00 $0.00 $0.00

$6,688.00 $4,180.00 $3,344.00 $2,508.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$317.38 $0.00 $0.00 $0.00

$890.00 $623.00 $534.00 $445.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$9,202.67 $8,216.67 $7,888.00 $7,559.33

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

Totals $27,717.59 $18,721.11 $16,599.27 $14,477.44



$5,852.00 $5,016.00

Exhaust Fans

Electric / Gas Hot Water System $801.00

Pool Pumping & Cleaning Equipment $0.00 $0.00

Ceiling Fans $0.00 $0.00


Pool Heating Equipment $0.00 $0.00

Refrigerator

Division 40 Depreciation of Plant cont'd Prime Cost Method of Depreciation

$1,416.45

WDV At

Garage Door Controls $0.00 $0.00




$0.00 $0.00

Kitchen Appliances


Bosch Dishwasher


Bosch Microwave $0.00 $0.00


Haier Clothes Dryer


WDV At


Telephone Handset

Description

Garden Shed

$0.00

Television


Vacumn System

MATV System $0.00 $0.00

Sprinkler Control System $0.00 $0.00

Garbage Disposal


Other

Generators

Solar Power System




Common Area Gate Motors & Controls $0.00 $0.00



$712.00

Water Pumping Equipment $198.36 $0.00


$0.00

Washing Machine

$854.00 $732.00

Laundry

$201.54 $0.00

Bosch Rangehood $202.49 $0.00

Bosch Cook Top $1,151.25 $1,023.33

Bosch Wall Oven $1,259.07

30/06/2021 30/06/2022

$21,140.49$24,275.89

Page 14

Clients Name:


30/06/2026 30/06/2029 30/06/2030 30/06/2031








30/06/2026 30/06/2029 30/06/2030 30/06/2031

$0.00 $0.00 $0.00 $0.00

$371.14 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$669.60 $502.20 $446.40 $390.60

$464.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$207.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00





$185.57 $0.00


Floating Floor

Security / Access Intercom $0.00

Cont'd overleaf

Security Camera Systems $0.00

Door Openers & Controls $0.00 $0.00

$0.00

$0.00

Fire Warning / Ceiling Speakers $348.00 $232.00

Security Systems



Fire Control / Indicator Panel $0.00 $0.00

Fire Extinguishers $0.00 $0.00

Fire Hoses $0.00 $0.00

External Blinds

Drapes

Window Coverings

Carpet

$0.00 $0.00

Vinyl

Floor Coverings

$0.00

30/06/2027 30/06/2028


WDV At WDV At

Division 40 Depreciation of Plant Prime Cost Method of DepreciationDescription

Notes: The Written Down Value of the capital works and individual depreciating assets are supplied at the end of each financial year.

The purpose if this to allow you to have a clearer understanding of how much value may be left in certain assets that you may be

contemplating writing off and replacing. All Depreciating Assets with a value of less than $1000 are depreciated using a low value pool.

The calculation for the low value pool although calculated using the dimishing value method is included in both the prime cost and

diminishing value schedules.

$269,510.47 $260,817.35

$681.23 $658.73


30/06/2027 30/06/2028



WDV At WDV At

18/16655Description


1/07/2018 Commencement of Schedule: 1/07/2018


Sample Report

$0.00



$613.80 $558.00

Vertical Blinds / Venetians

Page 15


30/06/2026 30/06/2029 30/06/2030 30/06/2031

$629.53 $157.38 $0.00 $0.00

$511.67 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$244.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$1,672.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$356.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$7,230.67 $6,244.67 $5,916.00 $5,587.33

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

Totals $12,355.60 $6,904.25 $6,362.40 $5,977.93

Bosch Microwave $0.00 $0.00



Telephone Handset

WDV At

$836.00 $0.00

Garden Shed

Solar Power System

Television



Vacumn System

MATV System $0.00 $0.00

Sprinkler Control System $0.00 $0.00

Garbage Disposal


Other

Generators



Exhaust Fans

Ceiling Fans $0.00 $0.00

Garage Door Controls $0.00 $0.00


Common Area Gate Motors & Controls $0.00 $0.00



Water Pumping Equipment $0.00 $0.00

Electric / Gas Hot Water System $267.00 $0.00







$0.00


Pool Filter Equipment $0.00 $0.00

Pool Heating Equipment $0.00 $0.00


Washing Machine

Bosch Dishwasher $0.00 $0.00

Laundry

Mechanical Ventilation Equipment $0.00 $0.00

Haier Clothes Dryer $0.00 $0.00

Bosch Rangehood $0.00 $0.00

Bosch Cook Top $383.75 $255.83

Bosch Wall Oven $472.15 $314.77

Kitchen Appliances

30/06/2027 30/06/2028

Division 40 Depreciation of Plant cont'd Prime Cost Method of DepreciationWDV AtDescription

$7,933.93$10,008.27

Refrigerator

Page 16

1/07/2018 1/07/2018

4/12/2018

Division 43 Div 40 Diminishing Div 40 Prime Cost Total Div 43 Plus Div Total Div 43 Plus Div

Yearly Claim Value Yearly Claim Yearly Claim 40 Diminishing Value 40 Prime Cost

2018/2019 1st year $8,691.74 $8,639.17 $6,488.34 $17,330.91 $15,180.07

2019/2020 2nd year $8,715.62 $5,604.74 $3,969.36 $14,320.36 $12,684.98

2020/2021 3rd year $8,715.62 $4,364.06 $3,441.70 $13,079.68 $12,157.32

2021/2022 4th year $8,715.62 $3,505.24 $3,135.40 $12,220.86 $11,851.02

2022/2023 5th year $8,715.62 $2,528.31 $2,419.38 $11,243.93 $11,135.00

2023/2024 6th year $8,715.62 $1,649.58 $2,121.84 $10,365.19 $10,837.45

2024/2025 7th year $8,715.62 $1,615.41 $2,121.84 $10,331.03 $10,837.45

2025/2026 8th year $8,715.62 $1,600.56 $2,121.84 $10,316.18 $10,837.45

2026/2027 9th year $8,715.62 $902.04 $2,347.34 $9,617.66 $11,062.95

2027/2028 10th year $8,715.62 $1,228.49 $2,074.34 $9,944.11 $10,789.95

2028/2029 11th year $8,715.62 $599.00 $1,029.68 $9,314.62 $9,745.30

2029/2030 12th year $8,715.62 $740.57 $541.85 $9,456.19 $9,257.47

2030/2031 13th year $8,715.62 $433.65 $384.47 $9,149.26 $9,100.08

2031/2032 14th year $8,715.62 $643.67 $384.47 $9,359.29 $9,100.08

2032/2033 15th year $8,715.62 $323.74 $384.47 $9,039.36 $9,100.08

2033/2034 16th year $8,715.62 $527.67 $607.67 $9,243.29 $9,323.28

2034/2035 17th year $8,715.62 $217.96 $328.67 $8,933.58 $9,044.28

2035/2036 18th year $8,715.62 $203.43 $328.67 $8,919.05 $9,044.28

2036/2037 19th year $8,715.62 $189.87 $328.67 $8,905.48 $9,044.28

2037/2038 20th year $8,715.62 $177.21 $328.67 $8,892.83 $9,044.28

2038/2039 21st year $8,715.62 $165.39 $328.67 $8,881.01 $9,044.28

2039/2040 22nd year $8,715.62 $154.37 $328.67 $8,869.99 $9,044.28

2040/2041 23rd year $8,715.62 $144.08 $328.67 $8,859.69 $9,044.28

2041/2042 24th year $8,715.62 $134.47 $328.67 $8,850.09 $9,044.28

2042/2043 25th year $8,715.62 $125.51 $328.67 $8,841.12 $9,044.28

2043/2044 26th year $8,715.62 $117.14 $328.67 $8,832.76 $9,044.28

2044/2045 27th year $8,715.62 $109.33 $328.67 $8,824.95 $9,044.28

2045/2046 28th year $8,715.62 $102.04 $328.67 $8,817.66 $9,044.28

2046/2047 29th year $8,715.62 $95.24 $328.67 $8,810.86 $9,044.28

2047/2048 30th year $8,715.62 $88.89 $328.67 $8,804.51 $9,044.28

2048/2049 31st year $8,715.62 $82.96 $8,798.58 $8,715.62

2049/2050 32nd year $8,715.62 $77.43 $8,793.05 $8,715.62

2050/2051 33rd year $8,715.62 $72.27 $8,787.89 $8,715.62

2051/2052 34th year $8,715.62 $67.45 $8,783.07 $8,715.62

2052/2053 35th year $8,715.62 $62.96 $8,778.57 $8,715.62

2053/2054 36th year $8,715.62 $58.76 $8,774.38 $8,715.62

2054/2055 37th year $8,715.62 $54.84 $8,770.46 $8,715.62

2055/2056 38th year $8,715.62 $51.19 $8,766.80 $8,715.62

2056/2057 39th year $8,715.62 $47.77 $8,763.39 $8,715.62

2057/2058 40th year $8,699.34 $44.59 $8,743.93 $8,699.34

2058/2059 41st year $23.82 $41.62 $65.43 $23.82

2059/2060 42nd year $38.84 $38.84

2060/2061 43rd year $36.25 $36.25

2061/2062 44th year $507.53 $507.53

$348,608.38 $38,175.29 $38,175.29 $386,783.66 $386,783.66

Only low cost assets with a value of less than $1000 have been added to a low value pool and depreciated accordingly

Date of Inspection:


Clients Name:


Job No:

Sample Report

Commencement of Schedule:


18/16655

Year

Page 17

$2,000.00

$4,000.00

$6,000.00

$8,000.00

$10,000.00

$12,000.00

$14,000.00

$16,000.00

$18,000.00

$20,000.00

201

8/2

01

9

201

9/2

02

0

202

0/2

02

1

202

1/2

02

2

202

2/2

02

3

202

3/2

02

4

202

4/2

02

5

202

5/2

02

6

202

6/2

02

7

202

7/2

02

8

Dim

inis

hin

g V

alu

e/P

rim

e C

ost

Financial Year

Total Annual Depreciation

Diminishing Value

Prime Cost

$20,000.00

$40,000.00

$60,000.00

$80,000.00

$100,000.00

$120,000.00

$140,000.00

201

8/2

019

201

9/2

020

202

0/2

021

202

1/2

022

202

2/2

023

202

3/2

024

202

4/2

025

202

5/2

026

202

6/2

027

202

7/2

028

Cu

m. D

imin

ish

ing

Val

ue

/Cu

m. P

rim

e C

ost

Financial Year

Total Cumulative Depreciation

Cumulative

Diminishing Value

Cumulative Prime

Cost

Page 18