ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Iron smelting and steel manufacturing:
Blast furnace assets:
Hot blast system assets:
Stoves (incorporating refractory, shell, foundations, fan and valves)30 years6.67%3.33%1 Jul 2010
Stoves mixed gas main systems15 years13.33%6.67%1 Jul 2010
RENTAL, HIRING AND REAL ESTATE SERVICES:
Residential property operators:
Kitchen assets:
Stoves12 years16.67%8.33%1 Jul 2004
HEALTH CARE AND SOCIAL ASSISTANCE:
Retirement village and accommodation for the aged operation:
Support assets:
Kitchen assets:
Food preparation assets - large commercial type (including cooktops, fryers, multi-function centres, self-cooking centres, single tray meal service, soup kettles, stoves)10 years20.00%10.00%1 Jul 2019
Child care services:
Support assets:
Kitchen assets:
Food cooking assets (including combination ovens, cooktops, fryers, soup kettles and stoves)10 years20.00%10.00%1 Jul 2020

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Source: TR 2022/1