ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Gold ore mining:
Gold ore processing assets:
Laboratory assets:
Atmospheric adsorption spectrometers10 years20.00%10.00%1 Jul 2004
Mineral exploration services:
Exploration assets:
Geophysical survey assets:
Ground geophysical assets (including gravity instruments, resistivity receivers and transmitters, scintillometers and spectrometers)5 years40.00%20.00%1 Jan 2007
MANUFACTURING:
Bakery product manufacturing (non-factory based):
Sugar milling assets:
Support assets:
Laboratory assets:
Spectrometers10 years20.00%10.00%1 Jul 2011
Sugar refining assets:
Support assets:
Spectrometers10 years20.00%10.00%1 Jul 2011
Other food product manufacturing n.e.c.:
Coffee processing assets:
Support assets:
Laboratory assets:
Electronic (including analysers and spectrometers)7 years28.57%14.29%1 Jul 2012
Paint and coatings manufacturing:
Paint and coatings manufacturing assets:
Testing assets:
Spectrometers10 years20.00%10.00%1 Jul 2013
Cement manufacturing:
Support assets:
Testing equipment:
Generally (including spectrometers, gas chromatographs, titrators, calorimeters, laser granulometers, photometers, moisture analysers, drying ovens)8 years25.00%12.50%1 Jul 2011
Non-ferrous metal casting:
Metal casting assets (non-ferrous e.g. aluminium, brass and magnesium):
Testing assets:
Spectrometers10 years20.00%10.00%1 Jan 2004

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Source: TR 2022/1