What is the Depreciation Period for Vehicle Fixed Assets?

[LeJake]

The depreciation period for sedans as fixed assets is not less than 4 years. Regulations on the depreciation period of fixed assets: The minimum depreciation period for fixed assets: 20 years for houses and buildings; 10 years for aircraft, trains, ships, machinery, mechanical equipment, and other production equipment; 5 years for appliances, tools, furniture, etc. related to production and business activities; 4 years for transportation vehicles other than aircraft, trains, and ships; 3 years for electronic equipment. Calculation formula for fixed asset depreciation: The calculation formula is as follows: Annual depreciation rate = (1 - Estimated net residual value rate) / Estimated useful life (years) X 100%; Monthly depreciation rate = Annual depreciation / 12; Monthly depreciation amount = Original price of fixed assets X Monthly depreciation rate. The straight-line method refers to evenly distributing the depreciable amount of fixed assets over the predetermined useful life of the fixed assets. The depreciation amount calculated by this method is equal for each period.