A depreciation schedule is a source document used for taxation purposes by property investors.
It should include a full 40-year breakdown so that an investor can claim their maximum taxation entitlements. Generally, the report is substantial, and is not a single page document, and include a summary page for your accountant.
It should contain details of the building, the gross floor area and the date available as an investment property. One would expect photographs of the building, indicative floor plans and body corporate plans where applicable.
Costings should be included for plant and articles should also be outlined.
Depreciation schedules are available through a quantity surveyor and are vital for professional property investors.