Seek depreciation calculation method in VAT
Value-added tax (VAT) is divided into production-type, income-type and consumption-type VAT, production-type VAT means that the input tax on purchased fixed assets cannot be deducted, while income-type VAT means that the depreciation of fixed assets can be deducted in the calculation of VAT, and consumption-type VAT means that it is allowed to deduct the input tax on purchased fixed assets, and the consumption-type VAT is practiced in our country at the present stage and has nothing to do with the depreciation of fixed assets. Because the amount of fixed assets is generally large, so can not be deducted at the time of purchase, so you can depreciate over a certain period of time, phased into the cost of the relevant assets or expenses, depreciation methods are generally straight-line method, the double declining balance method, the sum of the years and the workload method