ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
ACCOMMODATION AND FOOD SERVICES:
Accommodation:
Guestroom assets:
Beds:
Foldout and rollaway beds (excluding sofas)3 years66.67%33.33%1 Jul 2005
HEALTH CARE AND SOCIAL ASSISTANCE:
Child care services:
Furniture used by children, freestanding:
Others (including bookcases, chairs and sofas, coat/dress-up racks, easels, room dividers, tables and storage shelving units)10 years20.00%10.00%1 Jul 2020
Support assets:
Reception furniture, freestanding (including lobby chairs, desks, lounges, sofas and tables) - see Table B Office furniture, freestanding
OTHER SERVICES:
Hairdressing and beauty services:
Beauty industry assets:
Reception furniture, freestanding (including lobby chairs, desks, lounges, sofas and tables)10 years20.00%10.00%1 Jul 2010
Hairdressing industry assets:
Reception furniture (including lobby chairs, desks, lounges, sofas and tables)10 years20.00%10.00%1 Jul 2010
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Office furniture, freestanding:
Reception assets (including lobby chairs, desks, lounges, sofas and tables)10 years20.00%10.00%1 Jul 2005

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Source: TR 2022/1