Originally posted by Vjansz
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What is the 10,000?
Answer - we really have no clue, and it is just a general number that land and building valuers put in their reports.
Yes you should talk to Valuit and most likely get a chattels report done. There will be well over $10,000 of chattels in a normal $1 million property! They will provide a full list of the chattels you can depreciate. As you replace chattels, this gives you the ability to write them off too, whereas all being lumped together it is impossible to separate.
Ross
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