ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Other mining support services:
Gas and oil mining support services (excluding offshore services):
Drilling assets:
Bottom hole assemblies (including logging while drilling tools, measuring while drilling tools, motors and stabilisers)5 years40.00%20.00%1 Jul 2018
MANUFACTURING:
Other food product manufacturing n.e.c.:
Coffee processing assets:
Packaging assets:
Form fill and seal packaging machines (including flat bottom, flat top and bottom, pillow shape, stand up and vacuum brick pack packaging machines)12 years16.67%8.33%1 Jul 2012
Tea processing assets:
Packaging assets:
Packaging machines:
Generally (including flat bottom, flat top and bottom, pillow shape and stand up packaging machines)15 years13.33%6.67%1 Jul 2012
Pulp, paper and converted paper product manufacturing:
Pulp and paper mill assets:
Wood yard assets (including chip screens, chippers, reclaimers/live bottom scrappers and rotating drum debarkers)10 years20.00%10.00%1 Jan 2002

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Source: TR 2022/1