What is the minimum depreciation period of various fixed assets stipulated in the tax law?

According to Article 60 of the Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC), unless otherwise stipulated by the competent departments of finance and taxation of the State Council, the minimum depreciation period of fixed assets is as follows:

1, houses and buildings, 20 years;

2. Aircraft, trains, ships, machines, machinery and other production equipment, 10 year;

3. Appliances, tools and furniture related to production and business activities, 5 years;

4, aircraft, trains, ships and other means of transportation, for 4 years;

5, electronic equipment, for 3 years.

The depreciation amount of fixed assets extracted from extended data is influenced by factors such as depreciation base, net salvage value, depreciation period and depreciation method. Accounting Standards for Business Enterprises, Enterprise Income Tax Law of People's Republic of China (PRC) and its implementing regulations (tax law) have made corresponding provisions on depreciation of fixed assets.

Only by grasping the old factors of depreciation of fixed assets can we ensure that the depreciation amount is correct and will not affect tax payment.

This paper compares the factors affecting the depreciation of fixed assets from two aspects: standards and tax law. ?

A comprehensive understanding of the factors affecting the depreciation of fixed assets can ensure the correct depreciation, but enterprises will encounter some exceptions in actual production and operation. Now how to accrue depreciation is explained from the following situations.

People's Republic of China (PRC) State Taxation Administration of The People's Republic of China-People's Republic of China (PRC) Enterprise Income Tax Law Implementation Regulations