ATO depreciation rates for fans assets in the Agriculture, Forestry And Fishing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
9 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Farrowing crates | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Generators (emergency) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Heaters and heat lamps | 5 years | 20.00% | 40.00% | 1 July 2025 |
| High pressure cleaners | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Instruments for measuring backfat or detecting pregnancy, ultrasound types (incorporating probes and monitors) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Liquid feed systems (incorporating feed valves, tanks, pumps, pipelines, mixers and troughs) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Milling assets | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Mixing assets | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Stirrer | 10 years | 10.00% | 20.00% | 1 July 2025 |
The effective lives shown above are determined by the Commissioner of Taxation under section 40-100 of the Income Tax Assessment Act 1997. The diminishing value rate equals 200% ÷ effective life (for assets acquired on or after 10 May 2006). The prime cost rate equals 100% ÷ effective life. You may alternatively self-assess effective life — see the ATO website for guidance.