Effective lives for depreciation schedule

Depreciating asset Effective life in years

Carpets

- in commercial office buildings 8

- in ten-pin bowling centres 4

-Computers

-generally 4

-laptops 3

Curtains and drapes 6

Fire extinguishers 15

Hot water installations for commercial

office buildings (excluding commercial boilers and piping)15

Lawn mower- motor 62/3

- self-propeled 5

Library (professional) 10

Motor vehicles

- cars generally 8

- hire and travellers’ cars 5

- taxis 4

- motorcycles and scooters 62/3

Office machines and equipment

- photocopying machines 5

Point of sale assets

- cash registers, stand-alone type 10

Power tools (hand operated) 5

Television receivers

- generally 10

Tools (loose) 5

Vacuum cleaners (electric) 10

Ruling TR 2007/3 as at 1 July 2007

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