Depreciation Regulations Revisions to Depreciation Periods-Part 3

Comparison of new depreciation schedule (Categories 13-16) and former schedule

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April 15, 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 3*) covers the new categories of ceramics and stoneware production equipment, steel industry equipment, non-ferrous metals production equipment, and metal products production equipment (categories 13-16) and the existing categories of production equipment for ceramics and stoneware, equipment for the steel industry, production equipment for non-ferrous metals, and production equipment for metal products.


*The report is published in four parts.

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