You Guide to Capital Gains & Depreciation Schedule Examples

digg_url = ‘http://theyounginvestor.com.au/2009/02/02/effective-lives-for-depreciation-schedule/’;
digg_title = ‘Effective lives for depreciation schedule’;
digg_bodytext = ‘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 [...]

digg_url = ‘http://theyounginvestor.com.au/2009/01/26/capital-gains-losses-and-depreciation/’;
digg_title = ‘Capital gains, losses and depreciation’;
digg_bodytext = ‘
Capital gains or capital losses only arise from the disposal (ie. sale) of a depreciating asset.
A gain or loss will only arise to the extent that you have used the asset for a non-taxable purpose (eg. Private purposes).
Capital gains and losses can be calculated [...]