ATO depreciation rates for laboratory assets assets in the Mining industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
7 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Aeration assets (including aerators, attritioners, blowers and turbine impeller agitated vessels) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Atmospheric adsorption spectrometers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Classification and gravity separation assets (including centrifuges, cones, cyclones, screw classifiers, spirals and tables) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Dredges | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Shaking tables | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Smelting furnaces | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Thickening assets | 20 years | 5.00% | 10.00% | 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.