I am drafting a vehicle policy for my organization. I am almost done with it. I want to add a heading of Depreciation as well. But I want to know if depreciation should be included in the policy as well or not.
Depreciation (Dep) is calculated by Finance based on the cost of the vehicles and the year of purchase. Please check with them. It's almost 10% year over year (yoy). You need to include it because if someone wants to buy back the vehicle, then the working needs to be provided with.
Regards
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