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The ATO has published a draft list of effective lives for assets used in the survey and mapping services industry, and is seeking comment on the draft list. It is proposed to add a list of effective life determinations to the Commissioner’s schedule to apply to assets purchased (or otherwise first used or installed ready to use) on or after 1 July 2015.
Comments on the draft list are due by 2 April 2015.
For more information go here.

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