Depreciation on 125cc two wheeler vehicle used for personal use.

This discussion explores the depreciation percentage applicable to a 125cc two-wheeler used for personal purposes in India, covering approximately 6000km in its first year. While the general consensus suggests personal use vehicles may not be eligible for depreciation charges, the conversation touches upon estimated wear and tear rates of 15-20%, advising against relying solely on scheduled rates and seeking clarification on the definition of 'personal use'.