Article 60 of the Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China*** and the State of China 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, ships, 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.