Depreciation Regulations Revisions to Depreciation Periods-Part 4

Comparison of new depreciation schedule (Categories 17-55) and former schedule

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April 21, 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 4*) covers the new categories for general machinery manufacturing equipment not previously listed and equipment not encompassed by previously listed categories (categories 17-55) and existing categories for equipment for the machine industry and other equipment.


*The report is published in four parts.

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