Article 60 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:
(a) houses and buildings, for 20 years;
(2) Aircraft, trains, ships, machines, machinery and other production equipment, 10 year;
(3) Appliances, tools and furniture. 5 years related to production and business activities;
(4) Four years for vehicles other than airplanes, trains and ships;
(five) electronic equipment, for 3 years.
The residual rate is generally 5%. (5% for domestic-funded enterprises and 10% for foreign-funded enterprises) The residual value rate is the residual value rate of fixed assets. Residual value is the value of fixed assets when they are scrapped.
For example, if the recorded value of fixed assets is 10000 yuan and the residual value rate is 5%, then the residual value of fixed assets when scrapped is 500 yuan.
Extended data
Thirtieth depreciation of fixed assets is generally calculated according to the original value of fixed assets, the expected residual value rate and the classified annual depreciation rate. The estimated residual value rate of fixed assets is 3%-5% of the original value of fixed assets. Where laws and regulations provide otherwise, such provisions shall prevail.
(1) Calculation method of depreciation rate and depreciation amount of fixed assets by average life method:
Annual depreciation rate =( 1- expected residual rate)/depreciation period × 100%
Monthly depreciation rate = annual depreciation rate12
(2) Calculation method of fixed assets depreciation by workload method:
Calculate depreciation according to mileage:
Depreciation per unit mileage = original value (1- estimated residual value rate)/total mileage
Calculate depreciation according to working hours:
Depreciation per working hour = original value (1- estimated residual value)/total working hours
Calculate depreciation according to machine-team:
Depreciation per shift = original value (1- estimated residual value rate)/total mileage
(3) Calculation method of depreciation rate and depreciation amount of fixed assets by double declining balance method:
Annual depreciation rate =2/ depreciation period × 100%
Monthly depreciation rate = annual depreciation rate12
Monthly depreciation = net book value of fixed assets × monthly depreciation rate
Fixed assets with double declining balance method shall be amortized evenly within two years before the expiration of the depreciation period of fixed assets.
State Taxation Administration of The People's Republic of China, People's Republic of China (PRC): Regulations for the Implementation of Enterprise Income Tax Law of People's Republic of China (PRC).