Choose a country-specific calculator based on local tax rules and depreciation methods.
Calculate Division 40 depreciation for Australian businesses — modelled on ATO tax ruling TR 2024/1
Assets under $20,000 may qualify for an immediate full deduction in the year of purchase (FY2024–25, aggregated turnover < $10M). Confirm eligibility with your tax advisor.
AssetAccountant automates ATO-compliant depreciation across your entire register — no spreadsheets required.
Disclaimer: This calculator is provided for general information and demonstration purposes only. Results are estimates based on the inputs provided and the methodology modelled on ATO tax ruling TR 2024/1. AssetAccountant does not guarantee the accuracy, completeness or suitability of these results for any particular purpose. This calculator does not constitute tax advice and should not be relied upon as such. Tax laws and ATO rulings change — always verify calculations with a qualified tax professional or registered tax agent before making any financial or tax decisions.
This depreciation calculator helps businesses calculate fixed asset depreciation rates and effective life using current ATO rules.
It supports both diminishing value and prime cost methods, allowing you to compare results and apply the most suitable approach for your assets.
This AssetAccountant tool allows you to quickly calculate fixed asset depreciation rates and effective life using current ATO guidance.
Instead of relying on static lookup tables, you can search for assets and instantly determine the appropriate depreciation rate and useful life.
The calculator is built using Australian Taxation Office (ATO) rules, with additional New Zealand IRD references where applicable.
Watch a short demonstration of how AssetAccountant calculates depreciation, applies ATO-compliant rules, and manages your asset register without spreadsheets.
AssetAccountant’s depreciation calculator provides a faster and more accurate way to perform fixed asset depreciation calculations.
Simply enter an asset description (for example, motor vehicle), and the tool will return:
This removes the need for manual lookup and reduces the risk of calculation errors.
The calculator above helps ensure you are applying depreciation correctly and in the most tax-efficient way, supporting accurate calculations of annual taxable income and potential tax savings.
For businesses managing more complex asset registers, AssetAccountant™ software keeps depreciation accurate, consistent, and fully accessible without manual effort.
Use the calculator above to quickly identify the correct asset category and apply the appropriate depreciation treatment.
Instead of relying on manual lookup tables or keyword-based searches, you can:
This ensures more accurate results and removes the need for manual interpretation of depreciation rates and effective life.
Fixed asset depreciation should not be managed in spreadsheets beyond the most basic use cases (for example, where only a small number of assets are being depreciated).
AssetAccountant provides automated depreciation workflows with built-in localised tax and accounting rules, ensuring accuracy and consistency across your asset register.
Eliminate manual spreadsheets and simplify how you manage depreciation.
Try the cloud-based platform for free today.
