What is a Depreciation Schedule?

 A depreciation schedule is a detailed document that can include items such as:

• A breakdown of all building allowance costs.
• A breakdown of all equipment costs.
• The rates at which you can claim different items and the effective lifespan estimate of each item.
• A breakdown of how much you can claim per annum based on the financial year end.

Incorrect Depreciation Schedule for a Commercial Property Cost Segregation Study:

What makes one incorrect is that it only contains items such as equipment, vehicles, etc. and does not contain any of the items we are looking for in a Commercial Property Cost Segregation (purchase of a building, land, construction, renovation, major updates, signage, landscaping, wiring, HVAC, etc.).

Remember:  There is no standardized format for a Depreciation Schedule, every client's will look unique.   The important thing is the items you are looking for to appear on the schedule as listed above.

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