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4 Railroad cars, locomotives, and equipment; water 20%transportation equipment; aircraft; specialized publicutility equipment; office furniture, fixtures, andequipment; any depreciable asset not included inanother class5 Buildings, structures, and works of a permanent 10%nature other than those mentioned in Class 36 Intellectual property Rates not applicable; depreciableover useful life spanTax ConcessionsIndustry, Activity, and LocationTable III displays the available tax concessions for certain industries and activities. Table IV features locationincentives for the manufacturing and agro-processing businesses.Table III: Tax Concessions Based on Industry and ActivityType of Industry Activity Tax ConcessionFarming Tree crops Income exempt for 10 years, commencingfrom year of first harvestFarming Cocoa IndefiniteLivestock and cash crops Livestock (other thancattle), fish, or cash cropsIncome exempt for five years ofassessment from commencement ofbusinessCattle Cattle farming Income exempt for 10 years ofassessment from commencement ofbusinessAgro-processing established inGhana in or after 2004Agro-processingCompanies engaged in both agroprocessingand farmingReal estate developmentRecycling businessConverting agro productsinto edible canned orpackaged productsProducing cocoa byproductsfrom standardcocoa beans, husks, andother cocoa wasteNilConstruction for sale orleasing of low-cost,affordable residentialpremisesProcessing of waste foragricultural or commercialpurposesIncome exempt for a period of five yearsfrom commencement of commercialproductionFive years from commencement ofcommercial productionElect to be treated as agro-processingbusiness or farming business and claimeligible exemptionIncome exempt for five years ofassessment from the commencement ofoperationsSeven years from commencement ofcommercial production