ATO depreciation rates for convenience store assets assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
11 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Air conditioning systems | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Back-loading refrigerated cabinets (incorporating fans, boosters and compressors) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| CCTV video surveillance systems | 4 years | 25.00% | 50.00% | 1 July 2025 |
| Coffee making machines (including espresso and drip filter type machines) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Counters – freestanding | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Display shelving and racking | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Door controls and motor drive systems for automatic opening doors (incorporating controls, motors and sensors, but excluding doors) | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Hot food display assets (including bain maries) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Microwave ovens | 5 years | 20.00% | 40.00% | 1 July 2025 |
| PA systems | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Pie warmers and heating units | 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.