This calculator is used to calculate depreciation on a business asset.
You will need to know the depreciation rate that applies to the asset – you can get this from our depreciation rate finder.
Use this calculator when assets are purchased in earlier income years:
Note: The depreciation rate for buildings with a life of 50 years is 0%.
Do not use this calculator for petroleum mining assets as different depreciation rules apply to them. For more information please contact us or your tax advisor.
Note: Assets costing $500 or less (including loose tools) may not need to be depreciated.
This calculator will take about five minutes to complete.
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