Tangible and intangible assets exceeding KGS 10,000 in value (except goodwill) are depreciated on the basis of the declining balance method.
The applicable depreciation rates are as below:
|Group I: Cars, automobile, and tractor equipment for use on roads, special instruments, sundries, and accessories; computers, telephone sets, peripherals, and equipment for data processing||30%|
|Group II: Automotive transport rolling stock, trucks, buses, special automobiles, and trailers, construction equipment, machines, and equipment for all sectors of industry, including the foundry, smith-pressing equipment, electronic, and simple equipment, agricultural machines, office furniture, intangible assets||25%|
|Group III: Fixed assets not included in other groups||20%|
|Group IV: Railroad, sea and river transport vehicles, power machines, and equipment: thermal-engineering equipment, turbine equipment, electric motors, and diesel-generators, electricity transmission, and communication facilities, pipelines||10%|
|Group V : Buildings and construction||10%|
|Group VI : Taxpayer’s costs of geological preparation of deposit reserves, design and engineering-research works, and obtaining the license for the use of deposits, as well as mining-capital and mining pre-works aimed at further extraction of minerals, as well as the fixed assets of the mining and/or mining-processing enterprises put into operation and actually used in deposit exploration||50%|
Building and constructions may be depreciated at the rate of 20% on straight-line method after 20 years of operation / usage.