How to Claim Compensation for Car Depreciation?

[LaAriel]

For new cars within one year of purchase, you can claim depreciation costs, but litigation can be challenging as not all courts support depreciation claims. The specific amount the other party should bear depends on the damage assessment results. Below is some information about claiming car depreciation: 1. Calculation Formula: Tax laws stipulate the following minimum depreciation periods for fixed assets: Buildings and structures—20 years; Trains, ships, machinery, and other production equipment—10 years; Electronic equipment and transportation vehicles other than trains and ships, as well as tools, furniture, etc., related to production and operation—5 years, with a residual value uniformly set at 5% of the original price. 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 as 5 years from the date of purchase.