What is the depreciation period for a car?
1 Answers
The depreciation period for a car is 4 years. Calculation method for car depreciation period: First, based on the taxpayer's fixed assets, depreciation should be accumulated starting from the month following the month when the funds are invested. If the fixed assets are to be discontinued, depreciation should cease starting from the month following the month when the discontinuation begins. Depreciation period regulations: According to Article 60 of the "Implementation Regulations of the Enterprise Income Tax Law of the People's Republic of China": aircraft, trains, ships, machinery, mechanical equipment, and other production equipment have a depreciation period of 10 years; transportation tools other than aircraft, trains, and ships have a depreciation period of 4 years.