The specific provisions of the tax law on depreciation of fixed assets are detailed, mainly including the following contents: 1. Depreciation calculation method: There are usually two methods to calculate depreciation: life average method and workload method. 2. Depreciation life: Depreciation life refers to the service life of fixed assets, and the specific depreciation life should be comprehensively considered according to factors such as asset type, service life and industry standard. 3. Depreciation rate: the depreciation rate refers to the ratio of the amount of fixed assets to the original value of fixed assets within a certain depreciation period, and it also needs to be comprehensively considered according to factors such as asset type, service life and industry standards. 4. Adjustment of depreciation method: If the actual use of assets deviates from the original expectation, the depreciation method needs to be adjusted according to the actual situation. It should be noted that different industries and different types of fixed assets have different depreciation periods and depreciation rates. In the actual operation process, it needs to be combined with application according to specific conditions.
Can accelerated depreciation be used when calculating the depreciation of fixed assets? If the tax law allows, fixed assets can be depreciated by accelerated depreciation method. However, it should be emphasized that accelerated depreciation or other depreciation methods need to be judged according to specific circumstances, otherwise there may be tax risks caused by improper depreciation methods.
The tax law puts forward detailed calculation methods and standards for depreciation of fixed assets. In the actual operation process, it is necessary to comprehensively consider different asset types, service life, industry standards and other factors, and calculate depreciation in strict accordance with the provisions of the tax law. If it is necessary to adjust the depreciation method, it shall be reported to the tax authorities for approval in time.
Legal basis:
Article 8 of the Enterprise Income Tax Law of People's Republic of China (PRC) shall be calculated according to the calculation method stipulated by the state tax authorities, and the life average method or workload method shall be implemented. The depreciation period and depreciation rate should be adjusted to a reasonable amount. Changes in depreciation methods need to be reported to the tax authorities for approval.