ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Sheep farming:
Woolshed assets:
Grinding machines for sharpening cutters30 years6.67%3.33%1 Jan 2007
Shearing machines30 years6.67%3.33%1 Jan 2007
Shearing or crutching handpieces10 years20.00%10.00%1 Jan 2007
Wool bale movers10 years20.00%10.00%1 Jan 2007
Wool presses20 years10.00%5.00%1 Jan 2007
Wool tables, steel types20 years10.00%5.00%1 Jan 2007
Woolsheds and shearing sheds50 years4.00%2.00%1 Jan 2007

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Source: TR 2022/1