School of Awesome - Investment Property Depreciation Calculator
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Property
Insert property address here
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PRIME COST METHOD
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ItemComments
Effective Life
Opening value
Annual Decline
2016-172017-182018-192019-202020-212021-222022-232023-242024-25
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(years)($)($)
Opening value
Depreciation
Value 1 Jul
Depreciation
Value 1 Jul
Depreciation
Value 1 Jul
Depreciation
Value 1 Jul
Depreciation
Value 1 Jul
Depreciation
Value 1 Jul
Depreciation
Value 1 Jul
Depreciation
Value 1 Jul
Depreciation
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Low Value Pool Items (worth < $1000)
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You don't need to calculate the depreciation of individual items in the LVP. MyTax will calculate depreciation for the whole pool as a single entity. This is done at Item D6 in Deductions
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Cooktop
Acquired 3 Feb 2017 (original)
756
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Rangehood
Acquired 3 Feb 2017 (original)
842
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Hot Water UnitPurchased 15 Dec 2025957
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Plant and Equipment
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Carpet
Acquired 3 Feb 2017 (original)
1025602562560103245725622012561945256168925614332561177256921256665256
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Blinds on windows
Acquired 3 Feb 2017 (original)
10189619018967618201901630190144019012511901061190872190682190492190
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Air conditionerPurchased 1 Nov 202010274827527481822566275229127520162751741275
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Total value 445642773831338556885060434036192899
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Total depreciation ("Total Capital Allowances - manually calculated" in MyTax; previously Item I of Rental Prop Schedule)
179446446446628720720720720
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Building (Capital Works)
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Building
Acquired 3 Feb 2017 (original)
401803214508180321181617850545081739974508169489450816498145081604734508155965450815145745081469494508
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Total depreciation ("Total Capital Works - manually calculated" in MyTax; previously Item R of Rental Prop Schedule)
181645084508450845084508450845084508
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TOTAL DEPRECIATION199549544954495451365228522852285228
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www.SchoolofAwesome.com.au/investment-property-depreciation
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