ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Sheep farming:
Woolshed assets:
Shearing or crutching handpieces10 years20.00%10.00%1 Jan 2007
HEALTH CARE AND SOCIAL ASSISTANCE:
Dental services:
Dentists' assets:
Dental instruments:
Handpieces (driven by compressed air, compressed gas or electricity)3 years66.67%33.33%1 Jul 2003
Handpiece cleaners5 years40.00%20.00%1 Jul 2003

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Source: TR 2022/1