ATO depreciation rates for acetylene manufacturing assets (carbide process) assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
6 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Acetylene generators (incorporating hoppers) | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Acetylene purification assets (including cooling condensers, driers, purifier vessels and scrubbers) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Calcium hydroxide settling ponds and tanks | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Carbide handling assets (including carry skips, drum conveyor system and drum opening, lifting and tipping apparatus) | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Dust collection systems | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Flashback arrestors | 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.