ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Printing support services:
Post-press (finishing) trade services assets:
Addressing and mailing assets:
Combination addressing, folding and gluing mailing units10 years20.00%10.00%1 Jan 2006
Pre-press trade services assets:
Conventional flexographic plate making assets (including combination units, dryers, post exposure units, UV light exposure units and washout units)7 years28.57%14.29%1 Jan 2006
Iron smelting and steel manufacturing:
Primary metal product casting assets:
Continuous casting machines (incorporating turrets, tundishes (incorporating lids and cassettes), tundish cars, moulds, dummy bars, segments, oscillators, rolls, water sprays, hydraulics, motors and gearboxes):
Combination casters17 years11.76%5.88%1 Jul 2010
Motor vehicle manufacturing:
Bus and truck manufacturing assets (including bus vehicle body assembling assets and truck body manufacturing assets):
Paint shop assets:
Booths and ovens:
Spray booths and combination spray booth baking ovens15 years13.33%6.67%1 Jul 2011
ELECTRICITY, GAS, WATER AND WASTE SERVICES:
Electricity supply:
Electricity distribution:
Distribution lines:
Combination of above ground and underground47 ½ years4.21%2.11%1 Jan 2002
HEALTH CARE AND SOCIAL ASSISTANCE:
Child care services:
Support assets:
Kitchen assets:
Food cooking assets (including combination ovens, cooktops, fryers, soup kettles and stoves)10 years20.00%10.00%1 Jul 2020
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Power supply assets:
Private electricity line assets (where used for a specified purpose):
Distribution lines:
Combination of overhead and underground47 ½ years4.21%2.11%1 Jul 2014

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Source: TR 2022/1