16 Sep Latest Farm Depreciation Case Studies

Case Study 1 – Grazing property Kangaroo Island SA $2.5m

Assets: 809 Ha, 55km fencing, cattle yards, sheep yards, shearing shed, several small sheds, silos & house.

Total Depreciation $460 000

Depreciation claimable in Year 1: $27 000 using diminishing value depreciation or $118 000 using small business.

Case Study 2 – Cropping property in the Mallee VIC $4.5m

Assets: 2000 Ha, 40km fencing, sheep yards, shearing shed, 2 machinery sheds, fertiliser shed, chemical shed, 1300 Tonne grain storage & house.

Total Depreciation $1.17m.

Depreciation claimable in Year 1: $72 000 using diminishing value depreciation or $222 000 using small business.

Case Study 3 – Grazing property Hay NSW $5.4m

Assets: 8200 Ha, 104km fencing, cattle yards, sheep yards, shearing shed, machinery shed, covered sheep yards, several small miscellaneous sheds & house.

Total Depreciation $955 000

Depreciation claimable in Year 1: $61 000 using diminishing value depreciation or $215 000 using small business.