12Old banded rates of depreciation
|
Column 1 Diminishing value depreciation rate (%) |
Column 2 Straight-line equivalent (%) |
|---|---|
| 2 | 1.5 |
| 4 | 3 |
| 6 | 4 |
| 7.5 | 5.5 |
| 9.5 | 6.5 |
| 12 | 8 |
| 15 | 10 |
| 18 | 12.5 |
| 22 | 15.5 |
| 26 | 18 |
| 33 | 24 |
| 40 | 30 |
| 50 | 40 |
| 63.5 | 63.5 |
| 100 | 100 |
Plain language law
New Zealand law explained for everyone
Schedule 11: New banded rates of depreciation
or “Rates for calculating how quickly different things lose value over time”
or “Rates for calculating how quickly different things lose value over time”
You could also call this:
“Old rates for calculating how much value assets lose over time”
This table shows old rates for calculating how much value things lose over time. It’s called depreciation. The table has two ways to figure this out: one is called “diminishing value” and the other is “straight-line”.
The table lists different percentages for each method. For example, if you use the diminishing value method, you might use 2%, 4%, or 6%. If you use the straight-line method, you might use 1.5%, 3%, or 4%.
The percentages go up to 100% for both methods. This means some things might lose all their value very quickly, while others lose value more slowly over time.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
Next up: Schedule 13: Depreciable land improvements
or “List of land-based structures and facilities that can be claimed as tax deductions due to wear and tear”