How to Calculate Car Depreciation Fees?

[VanNoah]

Tax laws stipulate the following minimum depreciation periods for fixed assets: 20 years for houses and buildings; 10 years for trains, ships, machinery, and other production equipment; 5 years for electronic equipment, transportation tools other than trains and ships, as well as appliances, tools, and furniture related to production and operation, with a unified residual value rate of 5% of the original price. Below is a partial introduction to car depreciation fee claims: 1. Claim Method: New cars within one year can claim depreciation fees, but litigation can be challenging as not all courts support depreciation fees. The specific amount the other party should bear depends on the damage assessment results. 2. Tax Law Provisions: According to tax laws, passenger cars have a depreciation period of 5 years with a residual value rate of 5%; even for used cars, the depreciation period is calculated from the date of purchase for 5 years.