What is the depreciation period for passenger cars?

[DelSteven]

According to the legally stipulated minimum depreciation periods: buildings and structures are 20 years; ships, trains, machinery, mechanical equipment and other production equipment are 10 years; electronic equipment and transportation vehicles other than ships and trains (including production-related appliances, tools, furniture, etc.) are generally about 5 years, with a uniform residual value rate of 5% of the original price. Below is relevant information: 1. Passenger cars: According to the above legal provisions, they depreciate after 5 years of use, with a residual value rate of approximately 5%. 2. Used cars: These belong to vehicles undergoing secondary depreciation, but the second depreciation also begins after 5 years from repurchase, with the residual value rate similarly stipulated at 5%.