ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Other mining support services:
Mineral mining support services:
Blasting assets:
Augers10 years20.00%10.00%1 Jul 2017
Blast hole pumps7 years28.57%14.29%1 Jul 2017
Explosive boxes5 years40.00%20.00%1 Jul 2017
Magazines10 years20.00%10.00%1 Jul 2017
Mobile processing units (MPUs):
Surface
Motor vehicles - see Table B Motor vehicles and trailers
MPUs9 years22.22%11.11%1 Jul 2017
Underground MPUs (incorporating motor vehicle and MPU)6 years33.33%16.67%1 Jul 2017
Remote control blasting units5 years40.00%20.00%1 Jul 2017
Stemming buckets7 years28.57%14.29%1 Jul 2017
OTHER SERVICES:
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Surface preparation assets:
Abrasive blasting assets:
Abrasive blasting machines (incorporating blasting pots, hoses, nozzles, valves etc)10 years20.00%10.00%1 Jul 2015
Abrasive recovery/recycling machines and associated equipment (including storage hoppers)12 years16.67%8.33%1 Jul 2015
Blast booths/chambers12 years16.67%8.33%1 Jul 2015
Dust collection and ventilation systems12 years16.67%8.33%1 Jul 2015

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Source: TR 2022/1