ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Agriculture:
Grain, cotton, peanut and rice assets:
Seeding and fertilizing assets:
Planters (including bar, box, combined seeders, precision planters and row crop planters)15 years13.33%6.67%1 Jan 2007
Nursery and floriculture production:
Turf growing assets:
Line planters10 years20.00%10.00%1 Jul 2006
Vegetable growing (outdoors) and sugar cane growing:
Planting assets:
Billet planters12 years16.67%8.33%1 Jul 2007
Potato planters10 years20.00%10.00%1 Jul 2007
Fruit and tree nut growing:
Fruit growing assets:
Planting assets:
Planters12 years16.67%8.33%1 Jul 2008

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Source: TR 2022/1