Global Depreciation Rates Table (2024)

Quick reference guide for standard asset useful lives and depreciation rates across major tax jurisdictions.

Common Asset Rates Comparison

Comparison of tax recovery periods and rates.

Asset Type	🇺🇸 USA (MACRS)	🇦🇺 Australia (ATO)	🇬🇧 UK (HMRC)	🇮🇳 India (Income Tax)
Passenger Car	5 Years	8 Years	18% (Main Pool)	15% (WDV)
Truck (Heavy)	5 Years	7-10 Years	18% (Main Pool)	30% (WDV)
Computer / Laptop	5 Years	2 Years	100% (AIA) or 18%	40% (WDV)
Office Furniture	7 Years	10-20 Years	18% (Main Pool)	10% (WDV)
Residential Rental	27.5 Years	40 Years (2.5%)	3% (SBA)	5% (WDV)
Commercial Building	39 Years	40 Years (2.5%)	3% (SBA)	10% (WDV)
Software	3 Years	4 Years	Typically Revenue	40% (WDV)
Machinery	7 Years	10 Years	18% (Main Pool)	15% (WDV)

Note: This table provides general guidance. Exact rates may depend on specific usage, date of purchase, and local legislation changes (e.g. Bonus Depreciation, Instant Asset Write-off).