ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Meat processing:
Slaughter floor assets:
Knife blade sharpening machines5 years40.00%20.00%1 Jul 2013
Prepared animal and bird feed manufacturing:
Pet food manufacturing assets:
Wet process assets:
Cutting assets (including knife and blade assemblies)10 years20.00%10.00%1 Jul 2013
Log sawmilling and timber dressing:
Saw milling equipment:
Green mill plant:
Miscellaneous plant:
Saw and knife sharpening equipment10 years20.00%10.00%1 Jan 2001
Printing support services:
Post-press (finishing) trade services assets:
Three knife trimmers15 years13.33%6.67%1 Jan 2006
Iron smelting and steel manufacturing:
Steel strip metallic coating assets:
Air knife assemblies13 years15.38%7.69%1 Jul 2010

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Source: TR 2022/1