The depreciation rates must be calculated according to the usual internal practice of the beneficiary under recognition of national and international rules and standards.
Eligible costs of equipment, infrastructure and other assets also include ancillary costs necessary for creating the prerequisites for their use (site preparation, delivery, installation etc.). The time of use for the project must be documented and evidenced, if necessary.
If the equipment is leased and not purchased, the rental or lease costs are eligible provided that they follow the beneficiary's usual practices and do not exceed the costs of purchasing the equipment (i.e. are not higher than the depreciation costs of similar equipment). Non-eligible costs (financing costs) must be deducted.
More detailed information can be found ...
- in the Annotated Grant Agreement (AGA), Article 6.2.D.2.
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