Tax Depreciation Examples
COMMERCIAL
MOTEL – Purchased approx. $3,200,000 Tax Deductible items included: Post 1990 Renovations Motel room Furniture & Fittings. Kitchen & Restaurant Parking area & Pool. This depreciation schedule had approx. $1,150,000 in total deductions or 36% of purchase price.
MOTEL – A regional 30 room Motel, purchased in 2017 for $ 2,260.000 Built in 1988 and renovated in 1993. Claimed capital allowance from time of purchase on original construction cost and on renovations. also claimed depreciation on plant. Total deductions $ 589,085 or 26%. A deduction of $ 98,051 in first full year.
CHILDCARE CENTRE – A suburban childcare centre purchased in 2014 for $ 760,000. Built in 2007. Claimed capital allowance from time of purchase on original construction cost. also claimed depreciation on plant. Total deductions $ 349,661 or 46%. A deduction of $ 18,774 in first full year.
