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Depreciation of Fixed Tangible Assets in Bulgaria

 

The most common method of depreciation of fixed assets in Bulgaria is the straight line method.

An asset the value of which is less than BGN 700 is not considered a fixed tangible asset.

A table that shows the depreciation rates applied under the straight line method to the various items of assets:


Type of Asset

Depreciation Rate

Buildings

4%

Plant and equipment

30%

Infrastructure, roads and transport vehicles

10%

Hardware and software

50%

Motor vehicles

25%

Other fixed assets

15%

Intangible Assets

33.3%

 

 

Our Services:

  • Maintain asset register (maintaining individual records per item)
  • Ensure that items are capitalized in line with local law
  • Ensure that depreciation is applied correctly