The old banded rates of depreciation are rates that you use to work out how much something is worth over time. You can find these rates in a table that has two columns: one for the diminishing value depreciation rate and one for the straight-line equivalent. The rates are given as percentages, and they range from 2% to 100%.

You can look at the table to find the rate that applies to the thing you are depreciating. For example, if the diminishing value depreciation rate is 4%, the straight-line equivalent is 3%. If the rate is 15%, the straight-line equivalent is 10%. The rates are empowered by sections such as ss DB 46, EC 34, EC 35, EE 30, and EZ 23.

When you are working out the depreciation, you need to use the correct rate from the table. This will help you to calculate how much the thing is worth over time. You can use the rates in the table to make sure you are doing the calculation correctly.