Plant and equipment items are items that can be easily removed from the property as opposed to items that are permanently fixed to the structure of the building. Plant items include mechanically or electronically operated assets, even though they may be fixed to the structure of the building.
Some examples of plant and equipment items include:
- Hot water systems
- Garage door motors
- Freestanding furniture
- Air conditioning
- Q1 What is capital works deduction (Division 43)?
- Q2 How is the capital works deduction different to plant and equipment?
- Q3 Why itemise plant and equipment?
- Q4 Difference between Prime Cost and Diminishing Value methods of depreciation?
- Q5 Which depreciation method is best?
- Q6 How does low value pooling help to maximise my depreciation claim?
- Q7 What is scrapping?
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