Taiwan MOF Explains Depreciation Calculation for Fixed Assets Idled Due to Business Suspension

The Taiwanese Ministry of Finance April 18 explained the depreciation calculation rules for fixed assets that are idled due to a business suspension. The announcement explained that: 1) a business’s fixed assets that have been idled due to a business suspension shall continue to be depreciated according to the original depreciation method, unless the working hours or units of production method are used; 2) if the working hours or units of production method are used, the depreciation expense shall be zero because they are not actually being used for production; and 3) the valuation of fixed assets is based on ...