ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
CONSTRUCTION:
Formwork, beams and props, steel10 years20.00%10.00%1 Jul 2008
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Formwork, beams and props, steel10 years20.00%10.00%1 Jul 2008

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Source: TR 2022/1