Depreciation Schedule Example
Example document for Depreciation Schedule. Use this as a reference when creating your own.
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Document: Depreciation Schedule
Example Document
Last updated 7/30/2026
Depreciation Schedule for Smith's Plumbing Services
Business Details
| Field | Details |
|---|---|
| Business Name | Smith's Plumbing Services |
| ABN | 12 345 678 901 |
| Tax Agent / Accountant | Tax Partners Pty Ltd |
| Financial Year | 2023-2024 |
Asset Register
| Asset ID | Asset Description | Date of Purchase | Cost of Asset | Location | Private Use % | Taxable Use % | Effective Life (Years) | Method | Opening Adjustable Value | Decline in Value | Closing Adjustable Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 001 | 2021 Ford Ranger Ute | 15/03/2021 | 55,000.00 | Warehouse | 10% | 90% | 8 | Diminishing Value | 40,500.00 | 10,125.00 | 30,375.00 |
| 002 | Concrete Mixer | 10/07/2022 | 1,200.00 | Van | 0% | 100% | 5 | Prime Cost | 1,200.00 | 240.00 | 960.00 |
| 003 | Dell Latitude Laptop | 01/02/2023 | 2,500.00 | Office | 0% | 100% | 3 | Diminishing Value | 2,500.00 | 1,666.67 | 833.33 |
Summary of Deductions
| Category | Total Deduction for Year |
|---|---|
| Individual Assets | 12,031.67 |
| Total Depreciation Claim | $12,031.67 |
Declaration
I declare that this schedule accurately reflects the depreciating assets used for taxable purposes by Smith's Plumbing Services during the financial year.
Signed: John Smith
Date: 25/06/2024
Position: Director
Notes
In this example, the Ford Ranger Ute has 10% private use. Therefore, only 90% of the cost and depreciation can be claimed as a business deduction. The Diminishing Value method is used to maximise early deductions on the expensive vehicle. The laptop has an effective life of 3 years. The Opening Adjustable Value is the written down value at the start of the year. The Decline in Value is calculated based on the ATO statutory rates.
About this Example
Part of the Depreciation Schedule document collection
Document Type
Depreciation Schedule
A detailed report listing assets and their decline in value over time for tax purposes.