What is depreciation rate on lorry?

The depreciation rate for a lorry typically ranges from 15% to 25% per year, depending on various factors such as the vehicle's age, usage, and condition. For accounting purposes, many businesses use the straight-line method, where the depreciation is spread evenly over the vehicle's useful life. Factors like mileage and maintenance can also impact the actual depreciation experienced. It's advisable to consult financial guidelines or an accountant for specific rates applicable to individual circumstances.