Depreciation Tools

Depreciation: Profit on Sale / Recoupement
In some instances, a depreciable asset is sold for a value greater than the written down value and less than it's original cost. It will be necessary to...
Wed, 15 May, 2024 at 9:16 AM
Depreciation for Self-Education Expenses
You may access Depreciation for self education expense via "Tools" Below example is a depreciation under "Plant & Equipment" for ...
Wed, 23 Aug, 2023 at 1:20 PM
CTR Depreciation: Small Business Pool (SBE) - Temporary Full Expensing
Temporary full expensing (TFE) ends 30 June 2023.  Small businesses, with aggregated turnover of less than $10 million, will be able to immediately deduct ...
Thu, 18 Jan, 2024 at 1:52 PM
CTR Depreciation: Capital Allowances > Temporary Full Expensing
Question: In the company tax return instructions it says "Note that for small business entities using the simplified depreciation rules, you also need ...
Thu, 14 Oct, 2021 at 10:11 AM
Deprecation - Financial Investment
Question: I have a client with some assets they use to track their share portfolio. I have used the depreciation tool to calculate the depreciation and told...
Wed, 1 Sep, 2021 at 2:32 PM
Work From Home - Other Work Related Expenses
Question: I just need to find out under which item that I can accommodate the "Work from Home" figures in LodgeIT? Answer: Please include the amo...
Sun, 3 Oct, 2021 at 10:27 PM
Temporary Full Expensing (Using LodgeiT Depreciation Tools)
This video tackles about temporary full expensing with respect to Small Business Entities (Less than $10,000,000 turnover) using a company structure. Tempo...
Fri, 10 Feb, 2023 at 12:55 PM
ITR Depreciation: Business and Private use
How to separate depreciation 80% business and 20% Private use Options: Option 1 - Via LodgeiT Depreciation "Tools" Option 2 - Direct Fill Op...
Fri, 2 Aug, 2024 at 1:25 PM
Opening Balance field not available
Question: When I add a new asset, there is no place to put the opening balance. Please see the below pics for two of my clients, one I could put opening bal...
Wed, 6 Apr, 2022 at 11:17 AM
Low Value Pool (LVP) on 50% Taxable Use
Question: I need to calculate the depreciation on a low value pool based on a 50% taxable use. I have added the low value pool and asset and 50% taxable us...
Wed, 6 Apr, 2022 at 1:29 PM