Depreciation of fixed assets refers to the systematic distribution of depreciation amount according to certain methods within the service life of fixed assets. The service life of fixed assets refers to the expected life of fixed assets or the quantity of products or services that can be produced by the fixed assets. Accrued depreciation refers to the amount after deducting the estimated net salvage value from the original price of fixed assets that should be depreciated. For fixed assets for which impairment provision has been made, the accumulated amount of impairment provision for fixed assets shall also be deducted.
The process of systematically and reasonably allocating the cost of fixed assets within the effective use period of fixed assets. According to the matching principle, the cost of fixed assets is not only the cost of obtaining current income, but also the cost of obtaining various income in the future, that is, the cost of fixed assets is the cost of obtaining income within the effective use period of fixed assets, which naturally matches the income.
What is the depreciation period of the equipment?
1. The depreciation period of equipment is specified as follows:
(1) power supply system equipment 15 to 20 years, heating system equipment 1 1 to 18 years;
(2) Central air conditioning equipment 10 to 20 years, communication equipment 8 to 10 years;
(3) Washing equipment for 5 to 10 years, and maintaining equipment for 10 years;
(4) Kitchen utensils and equipment for 5 to 10 years;
(5) Electronic computer system equipment is 6 to 10 years, and elevator 10 years;
(6) 8 to 10 years for photo printing equipment and 3 to 8 years for copying and typing equipment.
I hope the above content can help you. Please consult a professional lawyer if you have any other questions.
Legal basis: Regulations on the Implementation of Enterprise Income Tax Law of People's Republic of China (PRC).
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. Article 61 The expenses incurred by enterprises engaged in the exploitation of mineral resources such as oil and natural gas and the depreciation method of fixed assets before starting commercial production shall be separately stipulated by the competent departments of finance and taxation of the State Council. Article 63 The depreciation of productive biological assets calculated by the straight-line method is allowed to be deducted.
The enterprise shall calculate the depreciation from the month after the productive biological assets are put into use; Depreciation of productive biological assets that have ceased to be used shall stop from the month following the cessation of use.
An enterprise shall reasonably determine its estimated net salvage value according to the nature and use of productive biological assets. The estimated net residual value of productive biological assets shall not be changed once it is determined.