ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Mineral exploration services:
Exploration assets:
Geophysical survey assets:
Portable ground geophysical assets (including electromagnetics, ground magnetics, ground penetrating radars and radiometrics)5 years40.00%20.00%1 Jan 2007
TRANSPORT, POSTAL AND WAREHOUSING:
Water transport and support services:
Support assets (acquired separately from the vessel):
Navigational and communication assets acquired separately from the vessel (including autopilots, chart plotters, depth sounders, GPS, radar systems and marine radios)5 years40.00%20.00%1 Jul 2009
Airport operations and other air transport support services:
Airport assets:
Navigation aids:
Radar sensors15 years13.33%6.67%1 Jan 2003
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES:
Surveying and mapping services:
Utility locator (underground service locator) assets:
Ground penetrating radars (GPRs)5 years40.00%20.00%1 Jul 2015

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Source: TR 2022/1