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what is the depreciation value per year, generally for a car?

Published On : 2010-05-11 17:45:29.0 vivek
Category : Tata Indica V2
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Hi Vivek,
There is no general formula for calculating the depreciation value for a car. and it depends on many factors including condition of the car, how much km it has run and if any new version of the car has been launched by the company.
However, while counting insurance amount, the value of a car generally depreciated by around 5 percent.
Thank you,
sachin on 2010-05-12 19:16:55.0
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