What is the depreciation period for company vehicles?

[StRyder]

Vehicle depreciation period is 4 years. Below is an introduction to the meaning and calculation methods of vehicle depreciation: Meaning of depreciation period: Depreciation period refers to the number of years used when calculating the depreciation of fixed assets. For a long time, the depreciation period of fixed assets was determined based on physical service life, i.e., the duration that fixed assets can continue to be used while enduring physical wear and tear and natural deterioration. Calculation methods for vehicle depreciation period: Annual depreciation amount = original value / estimated service life. Calculating depreciation based on mileage traveled: depreciation amount = original value × (mileage already traveled / estimated total mileage). For fixed assets depreciated using the working hours method, it is generally considered that their wear and tear during operation is relatively even, but they basically cannot provide economic benefits outside of operation.