What is the depreciation period for used cars?

[DelRonan]

Depreciation period for cars is 4 years. Below is an introduction to the meaning and calculation method of car 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 of car depreciation period: Annual depreciation amount = original value / estimated useful life. Depreciation can also be calculated based on the mileage driven, where depreciation amount = original value (mileage already driven / estimated total mileage). Fixed assets depreciated using the workload method are generally considered to have relatively even wear during operation, but they basically cannot provide economic benefits outside of operation.