ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Dairy product manufacturing:
Ancillary and support assets:
Lifting and handling assets:
Forklifts - see Table B Forklifts
Hoists10 years20.00%10.00%1 Jul 2016
Lifters (including small bin, box, drum, roll and vacuum lifters)10 years20.00%10.00%1 Jul 2017
Pallet jacks and pallet trucks10 years20.00%10.00%1 Jul 2016
Scissor lifts15 years13.33%6.67%1 Jul 2016
Industrial gas manufacturing:
Industrial gas - manufacturing assets for specific gases:
Acetylene manufacturing assets (carbide process):
Carbide handling assets (including carry skips, drum conveyor system and drum opening, lifting and tipping apparatus)12 years16.67%8.33%1 Jul 2011
Rigid and semi-rigid polymer product manufacturing:
Lifting platforms (including scissor lifts)15 years13.33%6.67%1 Jul 2016
Concrete product manufacturing:
Prefabricated concrete product manufacturing assets:
Lifting gear (including chains, lugs and swivels)7 years28.57%14.29%1 Jul 2013
Steel coil roll forming, slitting and blanking and sheet metal forming:
Steel coil roll forming assets:
Support assets:
Lifting assets:
C-hooks15 years13.33%6.67%1 Jul 2012
Overhead cranes and gantries25 years8.00%4.00%1 Jul 2012
Spreader bars10 years20.00%10.00%1 Jul 2012
Steel coil slitting assets:
Lifting assets:
C-hooks15 years13.33%6.67%1 Jul 2012
Magnet cranes20 years10.00%5.00%1 Jul 2012
Overhead cranes and gantries25 years8.00%4.00%1 Jul 2012
Motor vehicle manufacturing:
Metal stamping and blanking assets:
Maintenance workshop and tool room assets:
Lifting equipment (including vertical elevators and hoists)15 years13.33%6.67%1 Jul 2012
Motor car engine assembly and manufacturing assets:
Handling assets:
Lifting fixtures, magnets, slings etc10 years20.00%10.00%1 Jul 2012
Railway rolling stock manufacturing and repair services:
Assembly assets:
Jigs (including rollover jigs and lifting jigs)15 years13.33%6.67%1 Jul 2014
Handling assets:
Lifting assets generally (including hydraulic double lift jacks, locomotive jacks and stands)20 years10.00%5.00%1 Jul 2014
ELECTRICITY, GAS, WATER AND WASTE SERVICES:
Solid waste collection services:
Compactors and collection bodies on trucks (including lifting arms)8 years25.00%12.50%1 Jul 2015
Waste remediation and materials recovery services:
Materials recovery facility (MRF) assets:
Lifting assets (including pallet jacks)10 years20.00%10.00%1 Jul 2014
WHOLESALE TRADE:
Lifting and handling assets:
Elevating work platforms10 years20.00%10.00%1 Jul 2019
Forklifts - see Table B Warehouse and distribution centre equipment and machines
Pallet conveyers - see Table B Warehouse and distribution centre equipment and machines
Pallet jacks - see Table B Loading bay assets
Picking and collating machines - see Table B Warehouse and distribution centre equipment and machines
TRANSPORT, POSTAL AND WAREHOUSING:
Water transport and support services:
Support assets (acquired separately from the vessel):
Lifting assets:
Hoists and winches:
Electric5 years40.00%20.00%1 Jul 2009
Hydraulic and mechanical10 years20.00%10.00%1 Jul 2009
HEALTH CARE AND SOCIAL ASSISTANCE:
Retirement village and accommodation for the aged operation:
Assistance and medical assets:
Lifting slings2 years100.00%50.00%1 Jul 2019
OTHER SERVICES:
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Lifting assets:
Cranes:
Jib cranes (including column/wall mounted, floor mounted/freestanding and portable jib cranes)15 years13.33%6.67%1 Jul 2015
Overhead cranes25 years8.00%4.00%1 Jul 2015
Pick & carry cranes/yard cranes10 years20.00%10.00%1 Jul 2015
Portable cranes generally (including engine cranes, engine hoists, floor cranes, mobile gantries, shop cranes etc)15 years13.33%6.67%1 Jul 2015
Hoists10 years20.00%10.00%1 Jul 2015
Jacks (including air hydraulic jacks, hydro pneumatic jacks, floor jacks, transmission jacks, trolley jacks and truck jacks)5 years40.00%20.00%1 Jul 2015
Scissor lifts15 years13.33%6.67%1 Jul 2015
Vehicle lifters (including mobile column lifts and post hoists)20 years10.00%5.00%1 Jul 2015
Funeral, crematorium and cemetery services:
Mortuary assets:
Hoists and lifting machines10 years20.00%10.00%1 Jul 2020

Disclaimer: While all the effort has been made to make this service as helpful as possible, this is free service and the author makes no warranties regarding the accuracy or completeness to any information on this website.

Source: TR 2022/1