ATO depreciation rates for diagnostic, measuring and testing assets assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
12 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Drilling machines (including drill presses, magnetic drills, pedestal drills and radial arm drills) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Flange facers | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Forklift attachments | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Forklifts | 11 years | 9.09% | 18.18% | 1 July 2025 |
| Generally (including co-ordinate measuring machines, dynamometers, electrical testers, flow meters, hardness testers, hydraulic testers and multimeters) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Grinding machines (including gear grinding machines) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Guillotine shears | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Heat treatment assets (including furnaces and quenches) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Hydraulic hose crimpers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Machine interface units | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Tyre pressure gauges | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Vehicle specific diagnostic assets | 5 years | 20.00% | 40.00% | 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.