Depreciation Tools

Work From Home - Other Work Related Expenses
Question: I just need to find out under which item that I can accommodate the "Work from Home" figures in LodgeIT? Answer: Please include the amo...
Sun, 3 Oct, 2021 at 10:27 PM
Temporary Full Expensing (Using LodgeiT Depreciation Tools)
This video tackles about temporary full expensing with respect to Small Business Entities (Less than $10,000,000 turnover) using a company structure. Tempo...
Fri, 10 Feb, 2023 at 12:55 PM
Depreciation - Business and Private use
Question: Please advise how can we separate 100 % business expenses to (80% business and 20% private use). Answer; If by using the Import function of Lodge...
Tue, 26 Oct, 2021 at 1:11 PM
Moving an Asset - Plant & Equipment to General Pool
Question: How to depreciate an asset and move it to pool? Answer: If you need to depreciate an asset by 'Diminishing value" or "Prime cost&qu...
Mon, 20 Dec, 2021 at 7:26 AM
Opening Balance field not available
Question: When I add a new asset, there is no place to put the opening balance. Please see the below pics for two of my clients, one I could put opening bal...
Wed, 6 Apr, 2022 at 11:17 AM
Low Value Pool (LVP) on 50% Taxable Use
Question: I need to calculate the depreciation on a low value pool based on a 50% taxable use. I have added the low value pool and asset and 50% taxable us...
Wed, 6 Apr, 2022 at 1:29 PM
SBE and Motor Vehicle Depreciation
LodgeiT had to modify the software to meet the ATO requirement for SBE's with general pool and immediate write off. i.e. their design spec for CTR ...
Tue, 12 Apr, 2022 at 12:21 PM
Depreciation not injecting to Tax Forms
Question: When I make depreciation schedule for Rental Properties, Depreciation is not showing to Rental Property Schedule. Answer:  A. Rent from Financia...
Tue, 24 Oct, 2023 at 12:45 PM
Part Depreciation of Capital Works
Scenario: A client has sold his rental property four months into the financial year. The depreciation claimed to date has to be reflected in the capital gai...
Thu, 27 Oct, 2022 at 12:22 PM
Deduction for decline in value
"Deduction for decline in value" (and item H and Z) are to be found inside Depreciation section And, will reflect under the "Reconciliatio...
Fri, 13 Jan, 2023 at 11:41 AM