The depreciation worksheet records depreciation details for an asset and supports several depreciation methods and write-off types.
Depreciation worksheet type codes
Select the appropriate type code for the asset:
D – Diminishing value.
E – Diminishing value for assets acquired before 10 May 2006.
P – Prime cost.
S – Special building write-off. This option applies only when transferring amounts to a rental property statement.
W – Write-off.
Complete depreciation details
For standard depreciation calculations:
Open the depreciation worksheet.
Select the appropriate type code.
Complete the remaining asset details as required.
No further depreciation-specific information is required for standard depreciation calculations.
Complete disposals or manual calculations
Continue entering additional worksheet information only if:
The asset has been disposed of, or
You need to perform a manual depreciation calculation.
In these situations, complete the remaining worksheet fields as required to calculate the correct depreciation outcome.