ATO Depreciation Rates 2021 • Sharpening

Table A
Name	Effective Life	Diminishing Value Rate	Prime Cost Rate	Date of Application
AGRICULTURE, FORESTRY AND FISHING:
Sheep farming:
Woolshed assets:
Grinding machines for sharpening cutters	30 years	6.67%	3.33%	1 Jan 2007
MANUFACTURING:
Meat processing:
Slaughter floor assets:
Knife blade sharpening machines	5 years	40.00%	20.00%	1 Jul 2013
Log sawmilling and timber dressing:
Saw milling equipment:
Green mill plant:
Miscellaneous plant:
Saw and knife sharpening equipment	10 years	20.00%	10.00%	1 Jan 2001
Plywood and veneer manufacturing:
Sharpening assets	30 years	6.67%	3.33%	1 Jan 2005
Motor vehicle manufacturing:
Motor car engine assembly and manufacturing assets:
Toolroom assets:
Tool grinding and maintenance machines (including boring machines, broach sharpening machines, grinding machines, guillotines, lapping machines, milling machines, toolroom lathes etc)	15 years	13.33%	6.67%	1 Jul 2012

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ATO Depreciation Rates 2023