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.
the depreciation amounts for each method to decide which one is best. Straight-Line Depreciation Method The straight-line method is the easiest way to calculate depreciation of an asset. Youâll need to know three things â the useful life of the asset, the salvage value of the asset (what itâs worth after its useful life has run out), and the cost of the asset. First subtract salvage value from the cost, and then divide by useful life. Using this method, depreciation will be the same each year.