ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
TRANSPORT, POSTAL AND WAREHOUSING:
Scenic and sightseeing transport:
Hot air balloon ride operation assets:
Flight instruments10 years20.00%10.00%1 Jul 2013
Hot air balloon assets:
Baskets6 years33.33%16.67%1 Jul 2013
Burners10 years20.00%10.00%1 Jul 2013
Envelopes5 years40.00%20.00%1 Jul 2013
Fuel cylinders and tanks (incorporating shut off valves)20 years10.00%5.00%1 Jul 2013
Inflator fans15 years13.33%6.67%1 Jul 2013
HEALTH CARE AND SOCIAL ASSISTANCE:
Hospitals:
Hospital assets:
Mechanical assist assets:
Intra-aortic balloon pumps8 years25.00%12.50%1 Jan 2003

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Source: TR 2022/1