Claiming Depreciation ??

This discussion clarifies depreciation rules for plant and machinery purchased in the 2019-20 financial year. If the asset was unused for seven months during the 2020-21 financial year, you can still claim full depreciation. The rule for claiming half depreciation typically only applies to the first year an asset is purchased. Using the Written Down Value (WDV) method helps track an asset's condition and aids business planning.