ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Railway rolling stock manufacturing and repair services:
Testing assets:
Electrical testing assets (including multimeters)10 years20.00%10.00%1 Jul 2014
OTHER SERVICES:
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Diagnostic, measuring and testing assets:
Generally (including co-ordinate measuring machines, dynamometers, electrical testers, flow meters, hardness testers, hydraulic testers and multimeters)10 years20.00%10.00%1 Jul 2015

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Source: TR 2022/1