What is the depreciation period for passenger cars?

[PenelopeLynn]

Automobile depreciation period is 4 years. Below is an introduction to the meaning and calculation method of automobile depreciation: Meaning of depreciation period: Depreciation period refers to the period used when calculating the depreciation of fixed assets. For a long time, the depreciation period of fixed assets was determined based on the physical service life, i.e., the time that the fixed asset can continue to be used under physical wear and tear and natural wear. Calculation method for automobile depreciation period: Annual depreciation amount = original value / estimated service life. Depreciation can also be calculated based on mileage driven, where depreciation amount = original value (mileage already driven / estimated total mileage). Fixed assets depreciated using the work output method are generally considered to have relatively even wear during operation, but can hardly provide economic benefits outside of operation.