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How you calculate depreciation on lost or stolen items?

Created on December 26, 2024 -

When claiming for your valuables under our Standard and Top level we do apply reasonable depreciation to these items. Depreciation is calculated by using the ATO's depreciation calculator. You can find a link to this calculator by selecting the below link:  https://www.ato.gov.au/calculators-and-tools/depreciation-and-capital-allowances-tool/