The depreciation rate of a refrigerator can vary depending on several factors, including the brand, model, usage, maintenance, and market conditions. Typically, household appliances like refrigerators are considered to have a useful life of about 10 to 15 years. This means that the depreciation rate for a refrigerator would be around 6.67% to 10% per year.
For accounting and tax purposes, businesses may use different depreciation methods, such as straight-line depreciation, declining balance method, or units-of-production method. These methods allocate the cost of the refrigerator over its estimated useful life.
However, for personal use, the depreciation rate doesn't have a direct financial impact unless you plan to sell the refrigerator at some point. In general, for personal use, people don't calculate depreciation as they do for business assets.
Keep in mind that depreciation is just an accounting concept used for financial reporting and tax purposes. In reality, a well-maintained refrigerator can last beyond its estimated useful life, and its actual value would depend on its condition, age, and market demand if you were to sell it.