The depreciation period applicable to machinery and equipment owned by the parties is generally ten years, which is expressly provided for in China's Regulations for the Implementation of the Enterprise Income Tax Law: except as otherwise provided by the competent financial and taxation authorities of the State Council, the depreciation of airplanes, trains, ships, machinery, machines, and other production equipment shall be ten years; and the depreciation of means of transportation other than airplanes, trains, and ships, shall be four years. years.
Legal Objective:Article 60 of the Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China Except as otherwise provided by the competent financial and tax authorities of the State Council, the minimum years for calculating depreciation of fixed assets shall be as follows: (1) 20 years for buildings; (2) 10 years for airplanes, trains, ships, machines, machineries and other production equipment; (3) 10 years for apparatus, tools, instruments and equipment related to production and business activities. (c) apparatus, tools, furniture, etc. related to production and business activities, for five years; (d) aircraft, trains, ships, other means of transportation, for four years; (e) electronic equipment, for three years.