What is the depreciation period for cars in 2021?

[Evelyn]

The depreciation period for cars is 4 years. Below is an introduction to the meaning and calculation methods of car depreciation: Meaning of depreciation period: The depreciation period refers to the number of years used to calculate the depreciation of fixed assets. For a long time, the depreciation period of fixed assets was determined based on the physical service life, that is, the time the fixed asset could continue to be used under physical wear and tear and natural wear. Calculation methods for car depreciation period: Annual depreciation amount = original value / estimated service life. Depreciation can also be calculated based on the mileage driven: depreciation amount = original value (mileage already driven / estimated total mileage). Fixed assets depreciated using the units-of-production method are generally considered to have relatively uniform wear during operation but provide little economic benefit outside of operation.