What are the general depreciation regulations now?

Article 60 of the Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China*** and the State provides that: Unless otherwise provided by the competent authorities in charge of finance and taxation under the State Council, the minimum number of years for the calculation of depreciation of fixed assets shall be as follows:

(i) for houses and buildings, 20 years;

(ii) for airplanes, trains, ships, machinery, machines, and other production equipment, 10 years;

(iii) apparatus, tools, furniture, etc., related to production and business activities, 5 years;

(iv) means of transportation other than airplanes, trains and ships, 4 years;

(v) electronic equipment, 3 years.

Fixed assets depreciation method:

1, the average annual method (also known as the straight-line method)

Annual depreciation rate = (1 - estimated net salvage rate) ÷ estimated useful life (years) × 100% Monthly depreciation = Fixed assets original price × annual depreciation rate ÷ 12

2, the workload method

Unit workload depreciation = Fixed assets original price × ( 1 - estimated net salvage rate ) ÷ 12

2, workload method

Unit depreciation = Fixed assets original price × ( 1 - estimated net salvage rate ) × 100% monthly depreciation. 1 - estimated net salvage rate )/ estimated total workload of a fixed asset monthly depreciation = the fixed asset workload for the month × unit workload depreciation

3, double-declining-balance method (accelerated depreciation method)

Annual depreciation = 2 ÷ Estimated useful life (years) × 100% Monthly depreciation = net fixed asset × annual depreciation ÷ 12

4, the total annual number of Legal (accelerated depreciation method)

Annual depreciation rate = remaining useful life / estimated useful life of the total number of years × 100% Monthly depreciation = (fixed assets original price - estimated net salvage value ) × annual depreciation rate ÷ 12

Generally, enterprises use more is the straight-line method. Depreciation can be charged individually or categorically.