What is the car depreciation rate?

[AylaFitz]

Fixed asset depreciation rate is related to the depreciation period, so the depreciation period should be determined first. The specific details are as follows: Depreciation rate: 11% for the first 3 years, 10% from the 4th year onwards, and 9% for the last 3 years. For the first 3 years, the annual depreciation rate is 11%, with a total depreciation rate of 33% over 3 years. From the 4th year onwards: the annual depreciation rate is 10%, with a total depreciation rate of 40%; for the last 3 years, the annual depreciation rate is 9%, with a total depreciation rate of 27%. According to tax regulations for passenger cars: the depreciation period is 5 years, with a residual value rate of 5%. Residual value: The higher the depreciation rate, the worse the vehicle's condition and the lower the residual value. The depreciation rate is the same as the newness rate, both of which can be used to indicate the value of a used car (car residual value).