1, seventy years for residential land;
2, fifty years for industrial land;
3, fifty years for land used for education, science and technology, culture, health and sports;
4, forty years for land used for commerce, tourism and recreation;
5, and fifty years for comprehensive or other land.
The term of land use is the term of land use on the land use right certificate minus the number of years the land has already been used, and the remaining number of years is the number of years it can be used, and it can be applied for renewal after expiration.
The eight categories of fixed assets include:
1, houses and buildings, refers to the property rights belonging to all the houses and buildings of the enterprise;
2, general office equipment, refers to the enterprise commonly used in the office and affairs of the equipment;
3, special equipment, refers to all the equipment belonging to the enterprise is specifically used for a particular work;
4, cultural relics and displays, refers to the museums, exhibition halls and other cultural institutions of various cultural relics and displays;
5, books, refers to professional libraries, cultural museums of books and units of business books;
6, transportation equipment, refers to a variety of transportation tools used in the logistics sector;
7, machinery and equipment, mainly used in the logistics sector of the enterprise for its own Maintenance of machine tools, power machines, tools, etc. and standby generators, etc., as well as counting instruments, testing instruments and hospital medical equipment and equipment;
8, other fixed assets, refers to the fixed assets not included in the above categories. The competent authorities can be divided appropriately according to the specific circumstances, but also the above categories can be appropriately subdivided to increase the number of types.
In summary, intangible assets with a useful life are amortized using the straight-line amortization method, and those without a useful life are tested for impairment at the end of each period without amortization. The use of amortization and impairment testing methods are mutually exclusive. Fixed assets are estimated net salvage value and then depreciated over a period of years by adopting the straight-line method, etc., while impairment testing is performed, and depreciation is recalculated after an allowance for impairment is made for fixed assets that meet the provision for impairment. The methods of depreciation and impairment testing are performed simultaneously.
Legal basis:
Article 359 of the People's Republic of China*** and National Code
Residential construction land use rights expire, automatically renewed. The payment or remission of renewal fees shall be handled in accordance with the provisions of laws and administrative regulations.
The renewal of the right to use land for non-residential construction after the expiration of the term shall be handled in accordance with the provisions of the law. The ownership of houses and other real estate on the land shall be in accordance with the agreement if there is such an agreement; if there is no agreement or the agreement is unclear, it shall be handled in accordance with the provisions of laws and administrative regulations.