Fixed assets depreciation years

Unless otherwise specified by the competent financial and taxation authorities of the State Council, the minimum years for calculating depreciation of fixed assets are as follows:\x0d\ (a) houses, buildings, 20 years;\x0d\ (b) aircraft, trains, ships, machines, machinery and other production equipment, 10 years;\x0d\ (c) appliances, tools, furniture, etc. related to the production and business activities, 5 years;\x0d\ (iv) Means of transportation other than airplanes, trains and ships, for 4 years; \x0d\ (v) Electronic equipment, for 3 years. \x0d\ The fixed assets of an enterprise that really need accelerated depreciation due to technological advancement and other reasons can shorten the depreciation period or adopt the method of accelerated depreciation, including: \x0d\ (a) Fixed assets that are more rapidly replaced by newer products due to technological advancement; \x0d\ (b) Fixed assets that are in a state of strong vibration and high corrosion all year round. \x0d\\ Adopting the method of shortening the depreciable life, the minimum depreciable life shall not be less than 60% of the depreciable life specified in Article 60 of the Regulations; adopting the method of accelerated depreciation, double declining balance method or the sum-of-the-years method can be adopted.