Motor car depreciation
bsai partish (166 Points)
09 August 2020bsai partish (166 Points)
09 August 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 09 August 2020
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36335 Points)
Replied 10 August 2020
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3710 Points)
Replied 05 April 2023
Depreciation for cars means a reduction in the value of the cars throughout their life; the depreciation rate is very high for new cars and may be different for each model. In the first year, a car may suffer a decrease of about 10 percent, and the decrease in value increases yearly. On average, most of the car’s value is lost in five years, and a nominal scrap value is left.
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