ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Petroleum exploration services:
Exploration assets used offshore:
Offshore drilling rigs (including blow out preventers, drilling fluid circulation systems, hoisting and rotary systems, platforms, rig powering and transmissions)20 years10.00%5.00%1 Jan 2007
Exploration assets used onshore:
Onshore surface drilling rigs (including blow out preventers, derricks, drilling fluid circulation systems, hoisting and rotary systems, rig powering and transmissions)15 years13.33%6.67%1 Jan 2007
Mineral exploration services:
Exploration assets:
Drill rigs:
Surface (including blow out preventers, drilling fluid circulation systems, hoisting and rotary systems, rig powering and transmission and trucks)10 years20.00%10.00%1 Jan 2007
Seismic survey assets:
Vibration source assets:
Drilling rigs - shot hole10 years20.00%10.00%1 Jan 2007
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
Coil tubing assets:
Pumping units7 years28.57%14.29%1 Jul 2018
Reel and power units10 years20.00%10.00%1 Jul 2018
Downhole fishing and remedial tools (including casing swages, junk magnets and milling tools)5 years40.00%20.00%1 Jul 2018
Drill rigs10 years20.00%10.00%1 Jul 2018
Drill strings5 years40.00%20.00%1 Jul 2018
Fluid assets (including centrifuges, pumps and shear units)10 years20.00%10.00%1 Jul 2018
Mobile fluid tanks10 years20.00%10.00%1 Jul 2018
Well control equipment (including blow out preventers and choke manifolds)5 years40.00%20.00%1 Jul 2018
MANUFACTURING:
Printing support services:
Post-press (finishing) trade services assets:
Drilling units10 years20.00%10.00%1 Jan 2006
Glass and glass product manufacturing:
Glass product manufacturing assets:
Drilling and/or milling machines (including horizontal and vertical drilling machines)10 years20.00%10.00%1 Jul 2009
Non-ferrous metal casting:
Metal casting assets (non-ferrous e.g. aluminium, brass and magnesium):
Machining/finishing assets:
Drilling machines15 years13.33%6.67%1 Jan 2004
Steel coil roll forming, slitting and blanking and sheet metal forming:
Steel coil roll forming assets:
Support assets:
Engineering workshop assets:
Drilling machines10 years20.00%10.00%1 Jul 2012
Boiler, tank and other heavy gauge metal container manufacturing:
Sheet metal tanks manufacturing assets:
Drilling machines (including bench and radial drills)5 years40.00%20.00%1 Jul 2012
Motor vehicle manufacturing:
Bus and truck manufacturing assets (including bus vehicle body assembling assets and truck body manufacturing assets):
Press shop assets:
Chassis rail drilling/punching machines:
Chassis rail processing machines (incorporating drilling and profiling)20 years10.00%5.00%1 Jul 2011
Punching machines20 years10.00%5.00%1 Jul 2011
Drilling machines (bench drills, pedestal drills and pillar drills)12 years16.67%8.33%1 Jul 2011
Railway rolling stock manufacturing and repair services:
Assembly assets:
Drilling assets (including radial drills)10 years20.00%10.00%1 Jul 2014
Maintenance and refurbishment assets:
Drilling assets (including radial drills)10 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:
Workshop assets:
Drilling machines (including drill presses, magnetic drills, pedestal drills and radial arm drills)10 years20.00%10.00%1 Jul 2015

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Source: TR 2022/1