What is the depreciation period for a van?

[DeMarley]

The depreciation period for a van is 10 years. Overview of depreciation periods: Tax laws stipulate 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 tools, furniture, and other items related to production and operation. The residual value ratio is uniformly set at 5% of the original price. Depreciation positioning: Even for used vehicles, the depreciation period is calculated as 5 years from the date of purchase. There are several different methods for depreciating vehicles, which can be easily confused. These generally include the straight-line depreciation method (straight-line method), accelerated depreciation method (MACRS), and special depreciation method (special depreciation allowance method).