ATO depreciation rates for cooling assets assets in the Manufacturing 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 to air coolers | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Chillers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Cooling towers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Crate handling assets (including lifters, stackers and de-stackers, turners etc) | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Dehumidifiers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Dock levellers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Dosing systems | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Dust extractors and collectors | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Floor scrubbers and polishers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Foamers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Infeed water treatment assets (excluding water storage tanks) | 15 years | 6.67% | 13.33% | 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.