Why standard format is adopted for preparation of tax depreciation schedule ?

1. Tax Depreciations Schedules Australia Why standard format is adopted for preparation of tax depreciation schedule ? For preparation of tax deprecation schedule use of standard format is to be done which is considered to be valid and acceptable. Standard format for preparation of tax schedule is to be given by the authority. Every single detail should must be mention out in standard format of tax schedule. Detail concern to the calculation of tax deprecation amount, selection of method and many other important matter is to be mentioned out in tax schedule. Clear understanding can be made in the mind of tax payer due to detailing of every essential matter which is been done in tax schedule. It is compulsory to make use of standard method for calculation of deprecation amount. Different doubts and the query of tax payer gets clear because of the tax schedule. It becomes easy for tax payer to take accurate and right decision on basis of tax schedule. The problem of conflict and many other complex problems can be avoided due to tax deprecation schedule. Cost estimation can be done by the tax payer on basis of tax schedule. Different type of facts and figures can be rectified by the tax payer whenever they are in need of it. Data can be maintain out in well manner because of the tax schedules. It is not easy for tax payer to remember various figures because of this reason schedules are to be made out. It becomes easy for tax payer to represent various type of legal documents to the authority who do control over the procedure.