MYLEDGERTax preparation & working papers
ATO effective life lookup
Search ATO effective life by industry and asset to choose the right depreciation rate.
The problem it solves
Looking up effective lives in the ATO ruling tables by hand is slow.
How it works
- Search by industry or asset.
- Pick the matching effective life.
- Apply it to the asset.
What your practice gets
- The right rate quickly.
- Industry and asset search.
- Built into the register.
Questions accountants ask
Where does the data come from?
ATO effective life determinations.
Can I override the effective life?
You decide the treatment.
Does it give advice?
No. It supports your professional judgement. Check current ATO guidance and legislation for rates and rules.
Related features
Features that work alongside ato effective life lookup.
Depreciation register
An asset register with ATO effective-life rates, calculations, roll-forward to the next year, opening balances and journals you can post or undo.
Borrowing costs schedule
A schedule for loan establishment costs deducted over time under section 25-25.
Blackhole expenditure schedule
A schedule for business-related capital costs deductible over time under section 40-880.
Investment income register
A register of interest, dividends and distributions for the tax return's investment income schedule.
VideoDivision 7A loans and calculator
Track Division 7A loan accounts, calculate minimum repayments per year with the benchmark rate and carry balances forward.
VideoDivision 7A results from FEDIX
Use Division 7A calculation results from the FEDIX calculator in MYLEDGER working papers.
See it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
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