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Solution home LodgeiT Tools and Storage Depreciation Tools

Calculation: Prime Cost (Straight line) Method

Modified on: Wed, 2 Aug, 2023 at 9:09 AM

The "Prime Cost method" calculates:
64200 * (365/365) * 18.75% = 12,037.5, since it's less then OAV, the depreciation is 9683.



ATO Link: https://www.ato.gov.au/business/depreciation-and-capital-expenses-and-allowances/general-depreciation-rules---capital-allowances/prime-cost-(straight-line)-and-diminishing-value-methods/





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