Calculating Depreciation
There are two methods by which the depreciation of a deductible item may be calculated. The first is called ‘Prime Cost Method’. The second is called ‘Diminishing Value’.
Our service-orientated approach is your guarantee that measures will be undertaken to ensure that projects progress as scheduled & to budgets whilst protecting the interests of the Client at all times.
There are two methods by which the depreciation of a deductible item may be calculated. The first is called ‘Prime Cost Method’. The second is called ‘Diminishing Value’.
Chances are, if you are in the property sector, you’ve heard the term ‘depreciation schedule’ tossed around a few times; and chances are, if you are reading this article, you haven’t gotten one before.
If you’ve worked on a construction project you may have come across a Quantity Surveyor (QS). However a number of people who have never worked in the industry, or are entering the property market, may have never come across such a consultant.
We have worked on numerous projects ranging in size and value with reporting for all major banks, including Westpac, St George, NAB, CBA, Arab Bank and Bank of Queensland.
Office Address
Level 1
1A Bells Road
Oatlands, NSW, 2117
Postal Address
PO Box 300,
Oatlands, NSW 2117