1 Sales tax totaling 5% of the vehicle purchase price ($300.00 maximum) must be paid when you register a newly purchased vehicle in South Carolina. 2  Truck fees may vary according to the gross vehicle weight of the truck. 3  Title and Registration Fees.
depreciation tax shield. Definition. A means of reducing income tax payments by deducting depreciation from the taxable income. Depreciation tax shield is computed as the amount of depreciation multiplied by the tax rate. Example, if the annual depreciation is $1,000 and the tax rate is 10%; the corresponding tax shield will be $100.
Below is an example of how straight-line depreciation can be calculated for a playground structure. 1  To calculate depreciation, we must first identify the acquisition cost, salvage value, and useful life. 2  If we apply the equation for straight line depreciation, we would subtract the salvage value from the cost and then divide by the useful life. The result would look something like this: ($21,500 â $0) / 20 years = $1075 annual depreciation