What are the depreciations (%) of a new vehicle, and new computer hardware after 1(one) year use, according to the International Accounting Standard?
The costs of purchasing equipment (new or used) that are necessary for carrying out the action are eligible costs. These costs must correspond to actual costs and only in proportion to the costs that reflect a reasonable depreciation of the equipment during the economic life of the project in accordance with International Accounting Standards (IAS). For your reference according to International Accounting Standards (IAS) vehicles have a 5-year economic life, computers have a 4-year economic life and furniture has a 5-year economic life. For example if for carrying out the project you decide to buy a car, the full total price of the car is not considered as an eligible cost. As a car is expected to have a 5-year life, you will be entitled to take for the one-year project only 1/5 of the vehicle value, if the project duration is one year.
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