08 Mar 10 Petroleum product wholesaling and fuel retailing assets - draft effective lives
The ATO has released for comment draft lists of effective lives for the following assets:
- Fuel retailing assets
- Petroleum product wholesaling assets
Any feedback should be made by 31 Mar 2010.
The new effective life determinations are proposed to be added to the Commissioner’s schedule applicable for new assets purchased or installed on or after 1 July 2010.
