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.
Calculate the depreciation rate. 1  Sum the numbers of the years in the asset's depreciable life. 2  In the first year, divide the sum by the last number (5 / 15); in the second year the sum is divided by the second-to-last number (4 / 15) and so forth down the column to find the percentage of depreciation rate for each year.