ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Agriculture:
Hay and foraging assets:
Bale handling attachments (including accumulator grabs, bale stackers, hay forks/spikes/spears (incorporating metal frame), round bale grabs)12 years16.67%8.33%1 Jan 2007
Bale wrappers10 years20.00%10.00%1 Jan 2007
Trailed bale handling assets:
Big square bale stackers10 years20.00%10.00%1 Jan 2007
Generally (including accumulators and bale carriers)15 years13.33%6.67%1 Jan 2007
Sheep farming:
Woolshed assets:
Wool bale movers10 years20.00%10.00%1 Jan 2007
Beef cattle farming:
Feed handling assets:
Bale feeders10 years20.00%10.00%1 Jan 2007
MANUFACTURING:
Meat processing:
Support assets:
Hide preparation assets:
Bale presses10 years20.00%10.00%1 Jul 2013
Wool scouring:
Wool and fleece scouring and carbonising assets:
Bale breaker (including wool feeder and wool opener)15 years13.33%6.67%1 Jul 2017
Iron smelting and steel manufacturing:
Basic oxygen steelmaking (BOS) and electric arc furnace (EAF) steel making assets:
Steel ladles (incorporating tilting bales, thrusters, cassettes, shells, lids and linings)20 years10.00%5.00%1 Jul 2010

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Source: TR 2022/1