Is the Depreciation Period for Cars Five Years or Four Years?

[KhloeMarie]

The depreciation period for cars is four years. Additional information is as follows: 1. Vehicle Scrapping Period: The vehicle scrapping period refers to a safety inspection system based on the number of seats and the duration of use of the vehicle. It is stipulated that small and micro non-operational passenger cars, large non-operational cars, and wheeled special machinery vehicles have no usage period limit. 2. Vehicle Depreciation Fee: The vehicle depreciation fee is the financial manifestation of the recovery of vehicle investment. It involves withdrawing a certain amount of funds annually to update vehicles and maintain transportation reproduction. The vehicle depreciation fee does not reflect the national economy's investment in transportation vehicles; what effectively reflects the economic cost of vehicle depreciation is the vehicle's capital recovery expense.