ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Mineral sand mining:
Support assets:
Tanks:
Constant density and thickening20 years10.00%5.00%1 Jan 2003
Mineral exploration services:
Exploration assets:
Geophysical survey assets:
Down hole geophysical assets (including acoustic televiewers, callipers, density tools, dipmeters, draw works, neutron probes, sonic probes, receiver/transmitter modules and sondes):
Portable assets5 years40.00%20.00%1 Jan 2007
Vehicle integrated assets8 years25.00%12.50%1 Jan 2007
MANUFACTURING:
Spirit manufacturing:
Distillation assets
Laboratory and testing assets (including alcoholmeters, alcolyzers, density meters, gas chromatographs, Graham condensers, homogenisers, hydrometers, Inland Revenue condensers and sugar testers)7 years28.57%14.29%1 Jul 2018
Wool scouring:
Wool and fleece scouring and carbonising assets:
High density press15 years13.33%6.67%1 Jul 2017
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES:
Scientific testing and analysis services:
Coal laboratory assets:
Sample preparation assets:
Float-sink testing units (incorporating ventilation ducting, fans, density separation apparatus etc, but excluding float-sink buckets)15 years13.33%6.67%1 Jul 2018

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Source: TR 2022/1