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Update for Businesses

Trailers and heavy haulage trucks - assessing the effective life correctly. Document outlining the effective life of a depreciating asset and how it is used to work out the asset’s decline in value. A tax deduction, called a depreciation deduction, is available for the decline in value. http://www.ato.gov.au/businesses/content.asp?doc=/content/68908.htm Published: February 8 2006

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