ATO Depreciation Rates 2023

Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Musical instruments and associated equipment:
Associated portable equipment (including amplifiers, microphones, speakers, mixers and music stands)6 ⅔ years30.00%15.00%1 Jan 2001
Brass instruments (including bugles, cornets, euphoniums, horns, sousaphones, trombones, trumpets and tubas)10 years20.00%10.00%1 Jan 2001
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
Percussion instruments (including chimes, cymbals, drums, gongs, maracas and tambourines)5 years40.00%20.00%1 Jan 2001
Stringed instruments (including banjos, basses, cellos, guitars, harps, mandolins, tiples, ukuleles, violas and violins)10 years20.00%10.00%1 Jan 2001
Woodwind instruments (including bagpipes, bassoons, clarinets, flutes, oboes, pan pipes, piccolos and recorders)10 years20.00%10.00%1 Jan 2001

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Source: TR 2022/1