ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Mineral exploration services:
Exploration assets:
Seismic survey assets:
Total stations (including mechanical, manual, motorised, auto lock, robotic, universal and multi-stations)5 years40.00%20.00%1 Jul 2015
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES:
Surveying and mapping services:
Total stations (including mechanical, manual, motorised, auto lock, robotic, universal and multi-stations)5 years40.00%20.00%1 Jul 2015
OTHER SERVICES:
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Milling machines (including bed mills and universal mills)10 years20.00%10.00%1 Jul 2015

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Source: TR 2022/1