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Motor car depreciation
if a motor car is given out for repair for three months in a year then depreciation is charged for 9 months or 3 months.
Replies (3)
Quick Summary
Depreciation on car required to be charged for full year....it's not on basis of how much you used in a year.
Yes depreciation can be claimed for the full year.
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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