Fixed assets (except land) may be depreciated using straight-line method or declining-balance method over their estimated useful life.
Following depreciation rates are issued by the tax authority:
|Machinery and installation||10%|
|Trucks and buses||10%|
|Start Up Costs||20%|
Accelerated depreciation is applicable for assets used in industrial businesses having acquisition or production costs exceeding AWG 90 million. These assets may be depreciated in 10 equal annual instalments.