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16 May 2023

Hi


Checking please if a change in depreciation method from diminishing balance to prime cost (straight-line) is allowed.

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5 replies
441 views
5 replies

Most helpful response

Most helpful reply

CaroATO(Community Support)Community Support
19 May 2023

Hi @YB_Anonymous,


It's important to choose the right method at the beginning.


Unfortunately, you're unable to change which method you choose for the asset.

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AriATO(Community Support)Community Support
18 May 2023

Hi @YB_Anonymous


We'll do some digging and let you know

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Is change in depreciation method from diminishing balance to prime cost allowed | ATO Community