Article 60 Unless otherwise provided by the competent departments in charge of finance and taxation under the State Council, the minimum number of years for the calculation of depreciation of fixed assets shall be as follows:
(1) for houses and buildings, 20 years;
(2) for airplanes, trains, vessels, machines, machineries, and other production equipment. 10 years;
(iii) apparatus, tools, furniture, etc., related to production and business activities, 5 years;
(iv) means of transportation other than airplanes, trains and ships, 4 years;
(v) electronic equipment, 3 years.
The residual value rate is generally 5%. (5% for domestic enterprises and 10% for foreign enterprises) The salvage rate is the rate of residual value of fixed assets. The salvage value is the value of a fixed asset when it is scrapped.
For example, if the recorded value of a fixed asset is 10,000 yuan, and the salvage rate is 5%, then the salvage value of the fixed asset at the time of scrapping is 500 yuan.
Article 30 of the fixed assets should be depreciated generally in accordance with the original value of fixed assets, the estimated salvage value rate and the classification of the annual depreciation rate. The estimated residual value of fixed assets is 3%-5% of the original value of fixed assets. Laws and regulations provide for other provisions from its provisions.
(1) Calculation of depreciation rate and depreciable amount of fixed assets under the average life method:
Annual depreciation rate=(1-estimated salvage value rate)/depreciable life×100%
Monthly depreciation rate=Annual depreciation rate ÷ 12
(2) Calculation of depreciable amount of fixed assets under the workload method:
Calculation of depreciation according to the mileage traveled:
Depreciation per mileage=original value (1-estimated salvage rate)/total mileage
Depreciation according to working hours:
Depreciation per working hour=original value (1-estimated salvage rate)/total working hours
Depreciation according to work shifts:
Depreciation per work shift=original value (1-estimated salvage rate)/total mileage<
(3) Calculation of depreciation rate and depreciation amount of fixed assets with double-declining-balance method:
Annual depreciation rate=2/depreciable life×100%
Monthly depreciation rate=Annual depreciation rate ÷ 12
Monthly depreciation amount=Net book value of fixed assets×Monthly depreciation rate
Fixed assets with double-declining-balance method should be depreciated within two years prior to the expiration of the depreciable life of the fixed asset. amortize the net fixed assets equally over the two years prior to the expiration of the depreciable life of the fixed assets.
Legal basis:
Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China
Article 59: Deduction shall be allowed for depreciation of fixed assets calculated according to the straight-line method. Enterprises shall calculate depreciation from the month following the month in which the fixed assets are put into use; for fixed assets that have ceased to be used, depreciation shall cease to be calculated from the month following the month in which they cease to be used. Enterprises should be based on the nature and use of fixed assets, a reasonable determination of the estimated net residual value of fixed assets. Once determined, the estimated net residual value of fixed assets shall not be changed.
Article 60 Except as otherwise provided by the competent departments in charge of finance and taxation under the State Council, the minimum number of years for calculating depreciation of fixed assets shall be as follows:
(1) for houses and buildings, 20 years;
(2) for airplanes, trains, ships, machines, machineries, and other production equipments, 10 years;
(3) for apparatus, tools, furniture, etc., related to production and business activities, 5 years; and (4) for equipment, tools, furniture, etc., related to production and business activities, 5 years. , furniture, etc., for 5 years;
(iv) means of transportation other than airplanes, trains and ships, for 4 years;
(v) electronic equipment, for 3 years.