ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Motor vehicle manufacturing:
Motor car engine assembly and manufacturing assets:
Quality control assets generally (including cylinder head thickness testers, digital torque wrenches, gauges, inspection equipment generally, measuring equipment generally, microscopes, scales, scanners, testing equipment generally, thermometers, vibration meters etc)10 years20.00%10.00%1 Jul 2012
Aircraft manufacturing and repair services:
Hand tools, manual (including screw drivers, spanners, wrenches)10 years20.00%10.00%1 Jul 2020
OTHER SERVICES:
Automotive repair and maintenance:
Automotive and heavy vehicle repair and maintenance assets:
Measuring assets:
Tension wrenches5 years40.00%20.00%1 Jul 2011
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Tools:
Torque/tension wrenches5 years40.00%20.00%1 Jul 2015
Torque wrench pumps (pneumatic and electric driven)5 years40.00%20.00%1 Jul 2015

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Source: TR 2022/1