How does AssetAccountant calculate depreciation when Div43 assets are acquired for less than their written down value at the time of acquisition?
Professional advice from a Tier 1 accounting firm prior to subscribing to AssetAccountant advised that Div43 assets need to have their original cost depreciated over 40 years, regardless of the later acquisition cost.
This can mean that these assets don't depreciate to zero if they are acquired for a higher cost than their written down value at the time of acquisition or they may depreciate past zero (relative to the acquisition cost) if they are acquired for a lower cost than their written down value at the time of acquisition.