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Total Cost of Ownership TCO is an increasingly common purchasing approach among our customers They now consider not only purchase costs max 15 to 20 of total costs but also all future costs that machine ownership entails such as spare parts maintenance and repair costs tyres and wear parts uptime personnel interest rate depreciation insurance taxes and fuel consumption

Straight line although other methods can be used with as machinery and equipment The tax legislation only provides a 2 rate of tax depreciation per year for immovable property except for land Calculations must be performed on a quarterly basis costs would be added to the value of land The specific case should be reviewed

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Spain 156 Sweden 161 Turkey 166 United Kingdom and equipment 8 years Straightline method 13 A higher rate could be applied in the event that a lower useful life could be proved 22 Assets that do not qualify for tax depreciation Types of assets Explanation Land In general costs would be added to the value of land The specific case