Depreciation - Administrative Vehicles
Code: 5264
👁 Views: 91
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Depreciation expense for vehicles used for administrative purposes (executive cars, administrative service vehicles). Does not include project or operational transport vehicles.
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 16 / IAS 38
PPE / Intangibles
US GAAP
ASC 360 / ASC 350
PPE / Intangibles
❓ Frequently Asked Questions
Q: How is depreciation of administrative vehicles calculated?
A: Using straight-line or declining balance method over a useful life of 3-5 years.