The Australian Taxation Office (ATO) has launched a consultation on potential changes to the publication of effective life determinations for depreciation purposes. --- Updating how effective life determinations are published We're updating how we publish effective life determinations. Your feedback can help shape this process. Effective life determinations The effective life of a depreciating asset is used to work out the asset's decline in value (or depreciation) which is used to claim an income tax deduction. We provide effective life determinations for either: depreciating assets used by a particular industry a single asset commonly used by different industries. We previously...