ATO Depreciation Rates 2023

Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Musical instruments and associated equipment:
Keyboard instruments (including accordions, concertinas, organs, pianolas and pianos):
Acoustic10 years20.00%10.00%1 Jan 2001
Electric5 years40.00%20.00%1 Jan 2001
Point of sale assets:
Generally (including barcode scanners, cash drawers, dedicated computers, electronic funds transfer point of sale (EFTPOS) machines, keyboards, monitors, printers and terminals)6 years33.33%16.67%1 Jul 2005

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Source: TR 2022/1