ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Motor vehicle manufacturing:
Bus and truck manufacturing assets (including bus vehicle body assembling assets and truck body manufacturing assets):
Trim and final shop assets:
Torque testing machines (including chassis dynamometers and engine dynamometers)12 years16.67%8.33%1 Jul 2011
Motor car engine assembly and manufacturing assets:
Engine function testing assets (including cold test machines, engine dynamometers, engine ignition testing machines and hot test machines)10 years20.00%10.00%1 Jul 2012
Aircraft manufacturing and repair services:
Aircraft testing and measurement equipment:
Instrumentation, dynamometers and calibrating equipment (including testing equipment for engines, radios)10 years20.00%10.00%1 Jul 2020
OTHER SERVICES:
Automotive repair and maintenance:
Automotive and heavy vehicle repair and maintenance assets:
Diagnostic assets:
Diagnostic and roller dynamometers, performance and emissions testers10 years20.00%10.00%1 Jul 2011
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Diagnostic, measuring and testing assets:
Generally (including co-ordinate measuring machines, dynamometers, electrical testers, flow meters, hardness testers, hydraulic testers and multimeters)10 years20.00%10.00%1 Jul 2015

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Source: TR 2022/1