Office furniture is a fixed asset. Fixed assets refers to the enterprise's use of more than 1 year of housing, buildings, machinery, machinery, transportation and other production, business-related equipment, appliances, tools and so on. From the accounting point of view, fixed assets are generally categorized into fixed assets for production, fixed assets for non-production, leased fixed assets, unused fixed assets, fixed assets not required, fixed assets under finance leases, fixed assets under donations and so on. From the point of view of purchased fixed assets for VAT input tax credit, fixed assets refer to:
1. machines, machinery, means of transportation, and other production-related equipment, tools, and appliances with a service life of more than one fiscal year;
2. items not belonging to the main equipment of the production and operation with a service life of more than two years. (07 new accounting standards on the identification of fixed assets value limitations canceled, as long as the company believes that can be and the useful life of more than one fiscal year can be recognized as fixed assets, in accordance with a certain depreciation method of depreciation).
Are office supplies of a business a current asset?
Office supplies in a business are not all current assets. In the case of office supplies in a business, amortized expenses or direct expensing are current assets. But computers and other office supplies are fixed assets and are not current assets. Later can not continue to generate economic inflows generally refers to the cost of office use does not involve sales of financial and manufacturing belongs to the administrative expenses.
In summary, generally speaking, fixed assets can be divided into eight categories, the logistics department of each enterprise can also be based on the specific circumstances of the enterprise, the specific provisions of various types of fixed assets catalog.
Classification:
1. Houses and Buildings
Houses and buildings refer to all the houses and buildings whose property rights belong to the enterprise, including offices (buildings), halls, dormitories, canteens, garages, warehouses, oil depots, archives, activity rooms, boiler rooms, chimneys, water towers, wells, fences, etc., and their affiliated water, electricity, gas, heating and sanitation facilities. Affiliated enterprises such as guest houses, hotels, fleets, hospitals, kindergartens, stores and other houses and buildings, the property right is the enterprise.
2. General office equipment
General office equipment refers to the common office and affairs equipment used by the enterprise, such as desks, chairs, stools, cabinets, shelves, sofas, heating and cooling equipment, conference room equipment, furniture and appliances. General equipment belongs to the common, being clothing utensils, drinking utensils cookware, decorations, etc. are also listed within the general equipment category.
3. Specialized equipment
Specialized equipment, refers to all the equipment belonging to the enterprise specifically for a particular job. Including: sports and cultural activities equipment, audio and video equipment, screening camera equipment, typing telex equipment, telephone and telegraph communications equipment, stage and lighting equipment, archives of special equipment, and office modernization of microcomputer equipment. Where there are tools and instruments dedicated to a particular job, should be listed as special equipment.
4. cultural relics and displays
Cultural relics and displays, refers to the museums, exhibition halls and other cultural institutions of various cultural relics and displays. For example, antiques, paintings and calligraphy, and souvenir items. Some corporate logistics departments have internal exhibition rooms, showrooms, where the above items also belong to cultural relics and exhibits.
5. Books
Books, refers to the books of professional libraries, cultural centers and business books of the unit. All kinds of books, including political, business, literary and artistic books, owned by the library and archives within the enterprise are state property.
6. Transportation equipment
Transportation equipment refers to all kinds of transportation tools used in the logistic department, including cars, jeeps, motorcycles, vans, buses, boats, transport vehicles, three-wheeled trucks, manpower trailers, panel trucks, bicycles, and small-wheeled vehicles.
7. Machinery and equipment
Mechanical equipment, mainly machine tools, power machines, tools, etc. and standby generators used in the logistic department of an enterprise for its own maintenance, as well as counting instruments, testing instruments, and medical equipment in hospitals. Some subsidiary productive enterprises machinery, tools and equipment should also be included.
8. Other fixed assets
Other fixed assets, refers to the fixed assets not included in the above categories. The competent authority may divide them appropriately according to the specific circumstances, or the above categories may be appropriately subdivided and additional categories may be added.
Legal basis:
Article 57 of the Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China Article 11 of the Enterprise Income Tax Law refers to fixed assets held by an enterprise for the purpose of production of products, provision of labor services, leasing or business management, and non-monetary assets that have been in use for a period of more than 12 months, including buildings, structures, machinery, machines, means of transportation and other equipment, apparatus and tools related to production and business activities. Article 60 stipulates that, unless otherwise provided by the competent financial and taxation authorities of the State Council, the minimum years for calculating depreciation of fixed assets are as follows:
(1) houses and buildings, 20 years;
(2) airplanes, trains, ships, machines, machinery, and other production equipment, 10 years;
(3) appliances, instruments, tools, and furniture, etc. related to production and business activities, 5 years;
(4) other equipment, instruments, tools, and furniture related to production and business activities, 5 years;
(5) other equipment, appliances, and tools related to production and business activities, 5 years;
(5) other equipment, instruments, and tools related to production and business activities, 5 years; and
(6) other non-monetary assets held for more than 12 months. for 5 years;
(iv) means of transportation other than airplanes, trains and ships, for 4 years;
(v) electronic equipment, for 3 years.