A: According to Article 60 of the Regulations for the Implementation of the Enterprise Income Tax Law, the minimum period for calculating depreciation of electronic equipment is 3 years. According to the State Administration of Taxation "on the enterprise income tax on a number of tax matters convergence issues notice" (Guo Shui [2009] No. 98), Article 1, the implementation of the new law has been put into use before the implementation of the fixed assets, the enterprise has been in accordance with the provisions of the old law to estimate the net salvage value and the depreciation of the depreciation, not to be adjusted. After the implementation of the New Law, for such fixed assets that continue to be used, the residual value can be re-determined and depreciation can be calculated in accordance with the depreciation method stipulated in the New Law on the balance of depreciation that has not yet been provided in accordance with the depreciation period stipulated in the New Law minus the remaining years after the depreciation period has already been provided. After the implementation of the new law, the depreciable life originally determined for fixed assets may also be continued if it is not contrary to the principles set forth in the new law.
Beijing Shikun Law Firm specializes in providing financial and tax legal services for enterprises, contact: Wei lawyer