Methods of depreciation of fixed assets: the average method, the workload method, the double declining balance method and the sum-of-the-years method and so on. And the enterprise should be based on the expected realization of economic benefits related to fixed assets, within the scope of the foregoing reasonable selection of the appropriate depreciation method of fixed assets.
Legal Objective:Article 32 of the Enterprise Income Tax Law states that if an enterprise needs to accelerate the depreciation of fixed assets due to technological advancement, the enterprise may shorten the depreciation period or adopt the method of accelerated depreciation.