Depreciation Rates Price Trend and Forecast

Depreciation Rates Regional Price Overview

Get the latest insights on price movement and trend analysis of Depreciation Rates in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Depreciation Rates Price Trend for the Year 2023

Depreciation is used to waver the costs of an asset past its useful life. It is a compulsory reduction in the profit and loss statement of the owner of these depreciable assets. Various tangible (building, machinery, plant, or furniture) and intangible (patents, copyrights, trademarks, etc.) assets have been grouped under the depreciable block. For residential buildings, not including boarding houses and hotels, a 5% depreciation rate is assigned, while for hotels and boarding houses, a 10%, and for temporary constructions like wooden buildings, a 40% depreciation rate is assigned.

Depreciation Rates Price Chart

Depreciation Rates Price

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For furniture, a 10%; for plants and machinery, excluding motor vehicles, 15- 30% depreciation, while for motor vehicles, a 30 – 45% depreciation depending on their purchase and age is assigned. For computers and software, 40%, while for books in annual publications, a 100% depreciation is allowed. For intangible assets, a depreciation of up to 25% is allowed.

Depreciation Rates Price Trend for the Year 2022

Depreciation is defined as the reduction in the value of assets over time due wear and tear. As per the Income Tax  Act for AY 2022-23, no depreciation will be allowed if an asset is acquired in cash more than 10,000 INR in a day. However, a depreciation claim can be filed if the amount is up to 10,000 INR a day. The government came out with the list of commodities and the depreciation allowance as the percentage of the written down cost.

The building used for residential purposes other than hotels incurs a total of 5% depreciation allowance, whereas machinery and production plants, if not specified otherwise, incur an allowance of 15%. Similarly, moulds used in the rubber and polymer industry incur a depreciation allowance of 30%, while the machinery required in garment processing industries incurs a depreciation allowance of 40%.

Depreciation rates have been significant all through a wide range of products as in temporary constructions (wood structures, furniture, aesthetic designs, etc.). The depreciation incurrence on this class of products have witnessed a significant 40 %. Along the similar lines, electrical fixtures along with fittings and different furniture saw a depreciation dip of around 10 %.

Aeroplanes and Aeroengines incurred a depreciation of 40 %. Moreover, equipment catering to air pollution control such as Felt filtering system, scrubbers, dust collection, etc. incurred a depreciation of 40 %.

Procurement Resource provides latest Depreciation Rates. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Depreciation Rates

A depreciation rate refers to the percent rate at which an asset is depreciated or deflated across its estimated life. It may also be known as the percentage of a long-term investment done in an asset by a company, which the company can claim as tax-deductible expense across the useful life of the asset.

Depreciation Rates Product Details

Report Features Details
Product Name Depreciation Rates
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer 
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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