ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Motor vehicle manufacturing:
Metal stamping and blanking assets:
Maintenance workshop and tool room assets:
Maintenance machines and tool room assets generally (including boring machines, folding machines, grinding machines, guillotines, hydraulic benders and presses, lapping machines, lathes, milling machines, NC machines and pipe threaders)15 years13.33%6.67%1 Jul 2012
Motor car engine assembly and manufacturing assets:
Toolroom assets:
Tool grinding and maintenance machines (including boring machines, broach sharpening machines, grinding machines, guillotines, lapping machines, milling machines, toolroom lathes etc)15 years13.33%6.67%1 Jul 2012
Railway rolling stock manufacturing and repair services:
Maintenance and refurbishment assets:
Boring assets10 years20.00%10.00%1 Jul 2014
OTHER SERVICES:
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Field service assets:
Line boring machines10 years20.00%10.00%1 Jul 2015
Workshop assets:
Boring machines (including floor borers, jib borers, horizontal and vertical boring machines)15 years13.33%6.67%1 Jul 2015

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Source: TR 2022/1