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.
From Pakistan, Rawalpindi
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5From Pakistan, Rawalpindi
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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.
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From India
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From India
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