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  • Accelerated rates of depreciation

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    You only use these tables if you are able to use accelerated depreciation - see Accelerated depreciation. You use the rate that corresponds to the effective life of the item of plant. The following tables show the appropriate rates.

    For most general items of plant the rates are as follows.

    Effective life in years

    Prime cost rate %

    Diminishing value rate %

    Less than 3

    100

    -

    3 to less than 5

    40

    60

    5 to less than 6 2/3

    27

    40

    6 2/3 to less than 10

    20

    30

    10 to less than 13

    17

    25

    13 to less than 30

    13

    20

    30 or more

    7

    10

    For most cars and motor cycles the following rates apply.

    Effective life in years

    Prime cost rate %

    Diminishing value rate %

    Less than 3

    100

    -

    3 to less than 5

    33

    50

    5 to less than 6 2/3

    20

    30

    6 2/3 to less than 10

    15

    22.5

    10 to less than 13

    10

    15

    13 to less than 20

    8

    11.25

    20 to less than 40

    5

    7.5

    40 or more

    3

    3.75
    Last modified: 08 Apr 2020QC 27597