Do I need to consider salvage value for depreciation of fixed assets?

No.

Calculation of net salvage value of fixed assets:

Net salvage value of fixed assets = the residual value of fixed assets is expected to be recovered at the time of scrapping - the balance of the projected liquidation costs

=Net salvage value of fixed assets = the original value of the fixed assets × the projected salvage rate

Note on depreciation of fixed assets

1. pay attention to the scope of depreciation, according to the current enterprise accounting standards, in addition to the following cases, the enterprise should be all fixed assets depreciation:

a. Has been fully depreciated fixed assets continue to use;

b. In accordance with the provisions of the separate valuation of the land as a fixed asset;

c. In the process of upgrading and renovation of fixed assets.

2. Unused machinery and equipment, instruments, means of transportation, tools and appliances, and seasonal decommissioning are also subject to depreciation.

3. Note that the re-accrual of fixed assets this is to be considered in the provision for impairment of fixed assets.

4. Note that the depreciation period across the year when the annual depreciation amount is determined.

Depreciable fixed assets

(1) buildings;

(2) in use machinery and equipment, instruments, transportation vehicles, tools and appliances;

(3) Seasonal out of service and repairs of out-of-service equipment;

(4) leased out of operating leases and leased under finance lease fixed assets. fixed assets.

Non-depreciable Fixed Assets

(1) Fixed assets that continue to be used despite being fully depreciated;

(2) Land that has been valued and separately accounted for in previous years;

(3) Fixed assets that are scrapped in advance;

(4) Fixed assets leased out under operating leases and leased out under finance leases.

Baidu Encyclopedia - Depreciation of Fixed Assets