Field help:
(2023)
Are motor vehicles part of the business assets?
Select "yes" if you have one or more vehicles in your business assets and would like to provide information about them.
Notes on depreciation:
- Year of purchase: The annual depreciation (depreciation for wear and tear) is only deductible proportionately in the year of acquisition. One twelfth of the annual amount is taken into account for each month.
- Year of sale: The proportional depreciation also applies when a vehicle is sold.
- Remaining residual value: The residual amount from the year of purchase that was not deducted in the first year is depreciated after the regular depreciation period has expired.
