ATO depreciation rates for (cryogenic process) assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
4 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Air filtering units for process air (incorporating housing and filters) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Evaporative coolers (nitrogen cooled) and spray coolers | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Nitrogen liquefiers (incorporating, expansion valves, heat exchangers, piping, separators and vacuum insulated enclosures) | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Turbine expansion engines | 25 years | 4.00% | 8.00% | 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.