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Accelerated rates of depreciation

Last updated 17 July 2006

You only use the tables below 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 accelerated 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

QC27742