ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES:
Surveying and mapping services:
Laser levels:
Tunnelling and plumbing6 years33.33%16.67%1 Jul 2015
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Levels:
Laser levels:
Tunnelling and plumbing6 years33.33%16.67%1 Jul 2015
Plumbing fixtures and fittings (including wall and floor tiles) provided mainly for employees and/or children of employees of an entity carrying on a business for the purpose of producing assessable income:
Floor and wall tiles20 years10.00%5.00%1 Jul 2015
Generally (including basins, bidets, sinks, toilets, urinals etc)20 years10.00%5.00%1 Jul 2015
Tapware (including taps, mixers and shower heads and assemblies)15 years13.33%6.67%1 Jul 2015

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Source: TR 2022/1