The depreciation period of fixed assets refers to the fact that when an enterprise uses fixed assets, it will allocate the value of fixed assets to the cost of the enterprise year by year according to the fixed period stipulated in the tax law, so as to reduce the tax burden of the enterprise. The depreciation period stipulated in the tax law is one of the important provisions of the fixed assets management of enterprises, which is of great significance to the financial management and tax planning of enterprises.

Depreciation period of fixed assets stipulated by tax law

According to the provisions of the Enterprise Income Tax Law, the depreciation period of fixed assets is jointly determined by State Taxation Administration of The People's Republic of China and the Ministry of Finance, and the specific depreciation period depends on the different types and uses of fixed assets. The following are some common depreciation periods of fixed assets:

1. Houses and buildings: 30 years.

2. Machinery, equipment and means of transport: 10 year.

3. Electronic equipment and communication equipment: 5 years.

4. Office equipment, furniture and decoration: 3 years.

5. E-commerce websites and computer software: 2 years.

6. Other fixed assets: determined according to the actual situation.

How to calculate the depreciation of fixed assets

When calculating the depreciation of fixed assets, enterprises need to accrue depreciation year by year according to the depreciation period and original value of fixed assets. The specific operation steps are as follows:

1. Determine the depreciation period and original value of fixed assets.

2. To determine the depreciation method, you can choose straight-line method, accelerated depreciation method and double declining balance method.

3. Calculate the annual depreciation amount according to the depreciation method and depreciation period.

4. Calculate the annual depreciation into the enterprise cost to reduce the enterprise tax burden.

Influence of depreciation of fixed assets on enterprises

Depreciation of fixed assets is an important link in enterprise financial management and tax planning, which has an important impact on the operation and development of enterprises. Depreciation of fixed assets can reduce the tax burden of enterprises and improve their profitability and competitiveness. At the same time, the depreciation of fixed assets can also reflect the assets, liabilities and financial status of enterprises, and provide important reference for financial management of enterprises.