Cost of removing trees was $3600 can that be deducted as an expense as there isn't an asset to depreciate??
Rotten weatherboards were replaced $6,000. Can this be depreciated (what rate) or is it part of the building that can't be now?
I painted the new boards. Can I claim the paint as an expense?
Decromastic roof was replaced with coloursteel roof $18,000 - how do you treat that?
I have read some old threads but I am not sure if they are up to date enough.
Thanks,
LAJ
Rotten weatherboards were replaced $6,000. Can this be depreciated (what rate) or is it part of the building that can't be now?
I painted the new boards. Can I claim the paint as an expense?
Decromastic roof was replaced with coloursteel roof $18,000 - how do you treat that?
I have read some old threads but I am not sure if they are up to date enough.
Thanks,
LAJ
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