1. Positive answer
The amortization period of fixed assets is as follows:
1. For houses and buildings, it is 20 years;
2. 10 years for airplanes, trains, ships, machines, machinery and other production equipment;
3. 5 years for appliances, tools, furniture, etc. related to production and business activities;
4. Electronic equipment, for 3 years.
II. Analysis
Amortization refers to the accounting treatment method of apportioning the acquisition cost of operating assets that can be used for a long period of time according to their useful life, except fixed assets. Asset depreciation is similar. Amortization expenses are included in administrative expenses to reduce current profits, but have no impact on operating cash flow.
3. What are the provisions of the amortization tax law?
Enterprise preparation fees shall be amortized in installments starting from the month following the month in which production and operations are started, and the amortization period shall be no less than 5 years. Land use rights should be amortized separately as intangible assets. As for the amortization period of intangible assets, if the contract has a stipulated number of years, it will be amortized according to the number of years stipulated in the contract. If there is no contract stipulation, it will be amortized according to a period of not less than 10 years.