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6.3. Depreciation and Amortization

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:

Buildings 2/2.5%
Renovation  10%
Inventory  10/20%
Hardware    33/50
Machinery and installation10%
Car 20%
Rental Cars 33%
Trucks and buses 10%
Start Up Costs 20%
Goodwill 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.