Car Depreciation Calculator

Car Depreciation Calculator helps estimate purchase, used-car, import, ownership transfer, depreciation, and total-cost scenarios in English.

Depreciation inputs

Vehicle useBusiness typeAcquisition cost

KRW

MethodUseful lifeBusiness-use ratio

Apply annual limitFuel type

Depreciation result

Year-one depreciation

₩10,000,000

Limit-applied amount

₩8,000,000

Depreciable amount

₩50,000,000

Final residual value

₩0

Depreciation period

7 years

Applied rate

20.0%

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Korean vehicle depreciation for business and tax planning

This English guide follows the Korean calculator logic and preserves the Korean rates, thresholds, vehicle classifications, and administrative assumptions used by the source page.

Depreciation method, useful life, and annual limit

The Korean depreciation model supports straight-line and declining-balance methods with 4 year, 5 year, or 6 year useful life choices. Depreciable amount is acquisition cost minus residual value, then the selected method and useful-life rate generate a yearly schedule.

For business passenger vehicles, the source applies the KRW 8 million annual depreciation limit when the limit switch is active. Carry-forward is tracked in the schedule, and business-use ratio is applied to the limit-applied amount.

The result shows calculated depreciation and limit-applied depreciation separately.
The source also references the KRW 15 million annual total vehicle-expense threshold.
Fuel type can surface EV, hybrid, hydrogen, and ordinary fuel tax-benefit notes.

How to read the schedule

The first-year amount is only one line of the schedule. Later years can change because book value, carry-forward, business use, and the annual limit interact differently under straight-line and declining-balance methods.

The comparison table helps users see timing differences between the two methods. Total deductible value can be similar over time, but the earlier-year deduction profile can affect taxable income planning.