ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Clothing manufacturing:
Air compressors10 years20.00%10.00%1 Jul 2022
Cutting machines and tables20 years10.00%5.00%1 Jul 2022
Dyeing machines10 years20.00%10.00%1 Jul 2022
Fusing machines and presses8 years25.00%12.50%1 Jul 2022
Gas boilers (steam)15 years13.33%6.67%1 Jul 2022
Hat pressing machines20 years10.00%5.00%1 Jul 2022
Lights - portable5 years40.00%20.00%1 Jul 2022
Plotters and printers8 years25.00%12.50%1 Jul 2022
Pressing equipment (including ironing tables and steam boilers)10 years20.00%10.00%1 Jul 2022
Sewing machines:
Banding15 years13.33%6.67%1 Jul 2022
Button sewer, clip attaching5 years40.00%20.00%1 Jul 2022
Embroidery - single and multi-head12 years16.67%8.33%1 Jul 2022
General (including bar tack, binding, feed off the arm, single folder, two-needle, underwire)10 years20.00%10.00%1 Jul 2022
High speed industrial10 years20.00%10.00%1 Jul 2022
Millinery20 years10.00%5.00%1 Jul 2022
Overlocker15 years13.33%6.67%1 Jul 2022
Steamers2 years100.00%50.00%1 Jul 2022
Stud setting machines20 years10.00%5.00%1 Jul 2022

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Source: TR 2022/1