Determinations: Depreciation determinations

Determination DEP 72: Tax Depreciation Rates General Determination Number 72

This determination may be cited as "Determination DEP: Tax Depreciation Rates General Determination Number 72".

1. Application

• This determination applies to taxpayers who own items of depreciable property of the kind/s listed in the table below that have been acquired during the 2010 or subsequent income years.
• This determination applies for the 2010 and subsequent income years.

2. Determination

• Pursuant to section 91AAF of the Tax Administration Act 1994 I set in this determination the general rate to apply to the kind of items of depreciable property listed in the table below by:
  
  
  • Adding into the category "Electrical and Electronic Engineering", and to the "Engineering (including automotive)" industry categories, and to the "Scientific and laboratory equipment" asset category, the general asset class, the estimated useful life and diminishing value and straight-line depreciation rate listed below:
  • 
    

    General asset class	Estimated useful life (years)	DV rate (%)	SL rate (%)
    Test Chambers – acquired during the 2010 or subsequent income years.	12.5	16	10.5

3. Interpretation

• In this determination, unless the context otherwise requires, words and terms have the same meaning as in the Income Tax Act 2007 and the Tax Administration Act 1994.

This determination is signed by me on the 1st day of February 2010.

Rob Wells
LTS Manager, Technical Standards

Other pages in: Depreciation determinations

• Determination PROV19: Tax Depreciation Rates Provisional Determination PROV19
• Determination DEP 71: Tax Depreciation Rates General Determination Number 71
• Expense items in the Table of Depreciation Rates
• The Commissioner's Table of Depreciation Rates
• General Depreciation Determination DEP70
• General Depreciation Determination DEP69
• General Depreciation Determination DEP68
• Determination DEP66: Tax Depreciation Rates General Determination Number 66
• Tax Depreciation Rates General Determination Number 67
• Determination Prov18: Tax depreciation rates provisional determination number 18
• Tax Depreciation Rates General Determination Number 65
• Tax Depreciation Rates General Determination Number 64
• Draft general depreciation determination - exposure draft DDG0112
• Tax Depreciation Rates General Determination Number 63
• Buildings and structures DEP62
• Child restraints (capsules and car seats) for hire DEP61
• Determination Prov17: Tax depreciation rates provisional determination number 17
• Tax Depreciation Rates General Depreciation Determination DEP60
• Provisional Depreciation Determination PROV16
• Provisional Depreciation Determination PROV15
• Provisional Depreciation Determination PROV14
• Provisional Depreciation Determination PROV13
• General depreciation determinations DEP55 to DEP59
• General Depreciation Determination DEP54

Date published: 08 Feb 2010

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