Under AASB 116, the depreciation charge for a period reflects:

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Under AASB 116, the depreciation charge for a period reflects the consumption of economic benefits over the period. This means that the charge represents how much of the asset's value has been used up or expired during the period, and therefore needs to be recognized as an expense in that period. The depreciation charge is calculated based on the asset's cost, useful life, estimated residual value and any expected future costs. It does not take into account changes in fair value, re-sale value or estimated market value of the asset, as these are not relevant to the calculation of depreciation.

Under AASB 116, the Depreciation Charge for a Period Reflects