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New rules in Australia about Depreciation to fully depreciate the cost of new equipment immediately — Cloud Customer Connect
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New rules in Australia about Depreciation to fully depreciate the cost of new equipment immediately

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edited Nov 9, 2020 6:28AM in Assets 2 comments

Summary

New rules in Australia about Depreciation to fully depreciate the cost of new equipment immediately provided they fit certain criterias.

Content

Hi Experts,

There is a new tax rulings from 6th Oct 2020 to 30th Jun 2022 will allow us to fully depreciate the cost of new equipment immediately provided they fit certain criteria’. Do you know how we can select the life of assets added to Fixed assets in the tax book when adding via spreadsheet? There doesn’t appear to be any columns for that criteria (attached current spreadsheet template).

Thank you!

Fernan

Version

20C

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