| PARTS OF VEHICLE |
% OF DEPRECIATION |
| 1. For all rubber/ nylon/ plastic parts, tyres and tubes, batteries and air bags |
50% |
| 2. For fibre glass components |
30% |
| 3. For all parts made of glass |
Nil |
Rate of Depreciation for all other parts, including wooden parts, will be as per the following schedule.
| AGE OF VEHICLE |
% OF DEPRECIATION |
| Not exceeding 6 months |
Nil |
| Exceeding 6 months but not exceeding 1 year |
5% |
| Exceeding 1 year but not exceeding 2 years |
10% |
| Exceeding 2 years but not exceeding 3 years |
15% |
| Exceeding 3 years but not exceeding 4 years |
25% |
| Exceeding 4 years but not exceeding 5 years |
35% |
| Exceeding 5 years but not exceeding 10 years |
40% |
| Exceeding 10 years |
50% |
|