A depreciation schedule is a detailed document that can include items such as:

  • A breakdown of all building allowance costs.
  • A breakdown of all equipment costs.
  • The rates at which you can claim different items and the effective lifespan estimate of each item.
  • A breakdown of how much you can claim per annum based on the financial year end.
We have attached to this article a sample depreciation schedule.  Your client's depreciation schedule should look similar to this.

Incorrect Depreciation Schedule:
What makes the "Incorrect" attachment below incorrect, is that it only contains items such as equipment, vehicles, etc.   And does not contain any of the items we are looking for in a Commercial Property Cost Segregation (purchase of a building, land, construction, renovation, major updates, signage, landscaping, wiring, HVAC, etc.).

Correct Depreciation Schedule:

What makes the "Correct" attachment below correct, is that it also contains items such as the items we are looking for in a Commercial Property Cost Segregation (purchase of a building, land, construction, renovation, major updates, signage, landscaping, wiring, HVAC, etc.).


Remember:  There is no standardized format for a Depreciation Schedule, every clients will look unique.   The important thing is the items you are looking for to appear on the schedule as listed above under "Correct Depreciation Schedule"



To learn more about Cost Segregation please see the Cost Segregation Overview article.