How do I claim the expense of 2nd hand builder's trailer when it is older than its life span for depreciation purposes?
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Hi @RM74
The effective life is basically how long the asset is expected to earn you income.
You can recalculate it yourself based on when you start using it and how long you think you'll continue to use it for.
Our info on the effective life of an asset has some helpful information.
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Hi @RM74
The effective life is basically how long the asset is expected to earn you income.
You can recalculate it yourself based on when you start using it and how long you think you'll continue to use it for.
Our info on the effective life of an asset has some helpful information.
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