Article 59 The depreciation of fixed assets calculated by the straight-line method is allowed to be deducted.
The enterprise shall calculate the depreciation from the next month when the fixed assets are put into use; Depreciation of fixed assets that have ceased to be used shall stop from the next month of the month of cessation of use.
An enterprise shall, according to the nature and use of fixed assets, reasonably determine the estimated net salvage value of fixed assets. Once the estimated net residual value of fixed assets is determined, it shall not be changed.
Article 60 Unless otherwise stipulated by the competent departments of finance and taxation of the State Council, the minimum depreciation period of fixed assets is as follows:
(a) houses and buildings, for 20 years;
(2) Aircraft, trains, ships, machines, machinery and other production equipment, 10 year;
(3) Appliances, tools and furniture. 5 years related to production and business activities;
(4) Four years for vehicles other than airplanes, trains and ships;
(five) electronic equipment, for 3 years.
People's Republic of China (PRC) enterprise income tax law
Thirty-second due to technological progress and other reasons, it is really necessary to accelerate the depreciation of fixed assets of enterprises, and the depreciation period can be shortened or accelerated depreciation can be implemented.
Accounting Standards for Enterprises No.4-Fixed Assets
Article 15 An enterprise shall reasonably determine the service life and estimated net salvage value of fixed assets according to their nature and use.
Once the service life and estimated net salvage value of fixed assets are determined, they shall not be changed at will. However, unless it meets the provisions of Article 19 of these Standards.
As can be seen from the above provisions, the new tax law no longer stipulates the proportion of the residual value rate of fixed assets, but gives the right to determine the residual value rate of fixed assets to enterprises, but emphasizes rationality, requiring enterprises to reasonably determine the estimated net residual value of fixed assets according to the production and operation situation, the nature and use of fixed assets.