ATO depreciation rates for liquid feed assets assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
9 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Augers, conveyors and elevators | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Bladders for molasses ponds | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Bulk bag hangers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Covers for molasses ponds | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Hoppers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Liners for tanks | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Micro scales | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Mixers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Mixing tanks for clay and other products | 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.