What is the Depreciation Rate for Office Furniture and How is it Calculated?

office furniture Office furniture items are fixed assets acquired by businesses for long-term use. However, these items wear out over time, lose value, and eventually need to be replaced. This loss of value is called depreciation in accounting. Depreciation is crucial for accurately calculating the tax base and reflecting the true value of business assets. In this article, we will cover the depreciation rate for office furniture, calculation methods, current rates in legislation, and examples…