{"id":1787,"date":"2016-01-24T22:47:15","date_gmt":"2016-01-24T14:47:15","guid":{"rendered":"http:\/\/people.utm.my\/noorsidi\/?p=1787"},"modified":"2016-01-24T22:47:15","modified_gmt":"2016-01-24T14:47:15","slug":"depreciation-101-2","status":"publish","type":"post","link":"https:\/\/people.utm.my\/noorsidi\/2016\/01\/24\/depreciation-101-2\/","title":{"rendered":"Depreciation 101"},"content":{"rendered":"<div><strong>2. How do you make a claim for depreciation allowance?<\/strong><\/div>\n<div>In order to make a claim for depreciation you need a report that breaks down the property into different categories. This report is called a depreciation schedule.<\/div>\n<div>The amount the depreciation schedule says you can claim effectively reduces your taxable income.<\/div>\n<div>In a depreciation schedule a quantity surveyor will separate the plant items (oven, dishwasher, etc) from the structural elements such as bricks and concrete.<\/div>\n<div>Why? Because different elements have different rates of depreciation, which are generally based upon how long the item will last.<\/div>\n<div>For instance, if an oven costing $1,000 has a 10-year life \u2013 you can claim $100 against your taxable income for 10 years using the Prime Cost Method of depreciation.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>2. How do you make a claim for depreciation allowance? In order to make a claim for depreciation you need a report that breaks down the property into different categories. This report is called a depreciation schedule. The amount the depreciation schedule says you can claim effectively reduces your taxable income. In a depreciation schedule &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/people.utm.my\/noorsidi\/2016\/01\/24\/depreciation-101-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Depreciation 101&#8221;<\/span><\/a><\/p>\n","protected":false},"author":18926,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1787","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/1787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/users\/18926"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/comments?post=1787"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/1787\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/media?parent=1787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/categories?post=1787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/tags?post=1787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}