Does anyone know whatr the statutory depreciable life of a drilling rig is in Japan? -

All fixed assets are depreciated in Japan according to their statutory lie, which is listed in a table - but I can t find the tables! can anyone help?

Depreciation rates, even in Japan, are set by management, but are subject to reasonableness test. That is, you can t deprecate your rigs over 1,000 years or 2 years. However, rigs can be depreciated over the useful lifes. It depends on what type of rigs you are talking about. If you are looking at land rigs, then you might depreciate them over 10-20 years. If you are talking about offshore rigs, then you can depreciate them over 25-30 years.