What is the depreciation rate for commercial vehicles?

The depreciation rate for commercial vehicles can vary depending on the type of vehicle and the region. It is also affected by factors such as mileage and maintenance history. However, a general guideline for depreciation rates for commercial vehicles is as follows:

- Heavy-duty trucks: 20-25% per year

- Light-duty trucks: 15-20% per year

- Vans: 10-15% per year

- Trailers: 5-10% per year

It's important to note that these are just general guidelines and the actual depreciation rate for a specific vehicle may vary. For more accurate information, it is recommended to consult with a tax advisor or financial professional.