ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Dairy cattle farming:
Milking and milk handling assets:
Milk vats25 years8.00%4.00%1 Jul 2016
Aquaculture:
Oyster farming assets:
Vats, treatment15 years13.33%6.67%1 Jul 2007
MANUFACTURING:
Dairy product manufacturing:
Assets for cheese manufacturing:
Vats:
Cheese making vats20 years10.00%5.00%1 Jul 2017
Culture vats15 years13.33%6.67%1 Jul 2017
Fruit and vegetable processing:
Jam, pickles and sauces manufacturing assets:
Processing assets:
Tanks and vats (including blending, holding and mixing tanks)15 years13.33%6.67%1 Jul 2018
Preserved fruit and vegetable manufacturing assets:
Processing assets:
Tanks and vats (including blending, holding and mixing tanks)15 years13.33%6.67%1 Jul 2018
Oil and fat manufacturing:
Linseed or flaxseed and other edible, non-modified, refined or solvent extracted oil processing assets (including chai, hemp, acacia and excluding olive oil):
Preparatory and extraction assets:
Tanks and vats15 years13.33%6.67%1 Jul 2017
Bakery product manufacturing (non-factory based):
Support assets:
Tanks and vats (chocolate, egg, syrup etc)14 years14.29%7.14%1 Jul 2016
Spirit manufacturing:
Barrels, tanks and tuns:
Fermenters, washbacks, vats and holding tanks25 years8.00%4.00%1 Jul 2018

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Source: TR 2022/1