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Depreciation Schedule Template

Template for Depreciation Schedule. Customize this template for your specific needs.

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Document: Depreciation Schedule

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Version 1 • Last updated 7/30/2026

Depreciation Schedule for [BUSINESS NAME]

Business Details

FieldDetails
Business Name[ENTER BUSINESS NAME]
ABN[ENTER ABN]
Tax Agent / Accountant[ENTER AGENT NAME]
Financial Year[ENTER FINANCIAL YEAR, e.g. 2023-2024]

Asset Register

Asset IDAsset DescriptionDate of PurchaseCost of AssetLocationPrivate Use %Taxable Use %Effective Life (Years)Method (Prime Cost/Diminishing Value)Opening Adjustable ValueDecline in ValueClosing Adjustable Value
[ID 001][e.g., 2019 Toyota Hilux][DD/MM/YYYY][0.00][e.g., Depot A][0%][100%][8][Diminishing Value][0.00][0.00][0.00]
[ID 002][e.g., Makita Circular Saw][DD/MM/YYYY][0.00][e.g., Site B][0%][100%][5][Prime Cost][0.00][0.00][0.00]
[ID 003][e.g., HP Laptop ProBook][DD/MM/YYYY][0.00][e.g., Office][10%][90%][3][Diminishing Value][0.00][0.00][0.00]
[ID 004][e.g., Desktop Phone System][DD/MM/YYYY][0.00][e.g., Office][0%][100%][5][Prime Cost][0.00][0.00][0.00]

Low Value Pool (Optional)

Asset DescriptionDate AddedCostOpening BalanceDeduction (1/3 or 37.5%)Closing Balance
[Asset Name][DD/MM/YYYY][0.00][0.00][0.00][0.00]

Summary of Deductions

CategoryTotal Deduction for Year
General Small Business Pool[0.00]
Low Value Pool[0.00]
Individual Assets[0.00]
Total Depreciation Claim[0.00]

Declaration

I declare that this schedule accurately reflects the depreciating assets used for taxable purposes by [BUSINESS NAME] during the financial year.

Signed: __________________________

Date: __________________________

Position: __________________________

Use in GeneratorView Guide

About this Template

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.

Complexity

moderate

Format

spreadsheet