Depreciation Regulations Revisions to Depreciation Periods-Part 2

Comparison of new depreciation schedule (Categories 8-12) and former schedule

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April 11, 2008

  • Takuma Torige

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 2*) covers the new categories of chemical industry equipment, oil and coal product production equipment, plastic product manufacturing equipment (excluding those listed under other categories), rubber product manufacturing equipment, leather, leather product, and fur product manufacturing equipment (categories 8-12) and the existing categories of equipment for the chemical industry and production equipment for rubber products.


*The report is published in four parts.

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