ATO depreciation rates for floor coverings (removable without damage) 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 |
|---|---|---|---|---|
| Carpet | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Floating timber | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Garbage bins Garbage compacting systems (excluding chutes) 62/3 1 Jan 2001 | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Generators | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Hot food display assets (including bain marie) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Linoleum | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Linoleum and vinyl | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Overhead track scales (including meat rail scales) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Plastic safety screens (including sneeze guards) | 2 years | 50.00% | 100.00% | 1 July 2025 |
| racks, showcases and tables) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Vinyl Furniture, freestanding (including chairs, cupboards, | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Vinyl Furniture, freestanding 131/3 1 Jan 2001 | 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.