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 |