Article 60 of the Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC) stipulates that, unless otherwise stipulated by the competent departments of finance and taxation of the State Council, the minimum period for calculating depreciation 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.
If the depreciation period determined by the enterprise is equal to or greater than the period specified in the tax law, the depreciation expense can be deducted before tax; If the depreciation period determined by an enterprise is less than that stipulated in the tax law, and the depreciation accrued exceeds that calculated in accordance with the tax law, tax adjustment shall be made.