Depreciation Regulations Revisions to Depreciation Periods-Part 1
Comparison of new depreciation schedule (Categories 1-7) and former schedule
April 10, 2008
Summary
◆Extensive FY08 tax reforms reclassify depreciable assets, particularly machinery and equipment, broadly according to the actual number of years they are used.
◆This report compares Schedule 2 (useful lives of machinery and equipment, hereafter the new schedule), which lists useful lives for depreciable assets under broad categories, with the outgoing schedule according fields of application specified in the new schedule.
◆This report (Part 1*) covers the new categories of foodstuff production equipment, beverage, cigarette, and feed production equipment, textile industry equipment, lumber and wooden product (excluding furniture) production equipment, furniture and fitting production equipment, pulp, paper, and paper product production equipment, printing and related industry production equipment (categories 1-7) and the existing categories of production equipment for foodstuffs, production equipment for the textile industry, production equipment for lumber and wooden products, production equipment for pulp, paper, and paper products, and production equipment for printing and related industries.
*The report is published in four parts.
Daiwa Institute of Research Ltd. reserves all copyrights of this content.
Copyright permission of Daiwa Institute of Research Ltd. is required in case of any reprint, translation, adaptation or abridgment under the copyright law. It is illegal to reprint, translate, adapt, or abridge this material without the permission of Daiwa Institute of Research Ltd., and to quote this material represents a failure to abide by this act. Legal action may be taken for any copyright infringements. The organization name and title of the author described above are as of today.