Fixed assets are depreciated / accounted for on the basis of useful life of the assets.
|Construction in Durable Materials||5%|
|Commercial, industrial buildings||5%|
|Plant equipment including machine tools||20%|
|Fixed plant equipment||33.33%|
|Transport Equipment||5% - 33.33%|
|Fixtures, Installation, Furniture||10%|
These rates can be revised upwards by each Member state. Accelerated depreciation is allowed on heavy machinery and equipment subject to certain conditions.