What are the regulations on the depreciation period for passenger cars?

[LeDawson]

The depreciation period for passenger cars is 5 years, with a stipulated residual value rate of 5%. Below are the relevant details regarding the depreciation period regulations: 1. Depreciation regulations: The tax law specifies the following minimum depreciation periods for fixed assets: 20 years for houses and buildings; 10 years for trains, ships, machinery, mechanical equipment, and other production equipment; 5 years for electronic equipment, transportation vehicles other than trains and ships, as well as appliances, tools, and furniture related to production and operation. The residual value ratio is uniformly set at 5% of the original price. 2. Used car depreciation regulations: The depreciation period is also calculated from the date of purchase and is set at 5 years.