ATO depreciation rates for processing assets assets in the Agriculture, Forestry And Fishing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
15 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Air screen | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Clippers/debearders | 9 years | 11.11% | 22.22% | 1 July 2025 |
| Conditioning units/drying units/heaters | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Conveyors, elevators and hoppers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Cookers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Flat bed | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Gravity tables | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Hullers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Indented cylinders | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Mixers | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Rotary sieves | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Screens | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Seed treaters | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Spirals | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Splitters Product and raw material handling and receiving | 12 years | 8.33% | 16.67% | 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.