During claim, depreciation % is applicable on the kit depending on age of vehicle. Please refer to this depreciation chart below:
Not exceeding 6 months - Nil
Exceeding 6 months but not exceeding 1 year - 5%
Exceeding 1 year but not exceeding 2 years - 10%
Exceeding 2 years but not exceeding 3 years - 15%
Exceeding 3 years but not exceeding 4 years - 25%
Exceeding 4 years but not exceeding 5 years - 35%
Exceeding 5 years but not exceeding 10 years - 40%
Exceeding 10 years - 50%