(a) houses and buildings, 20 years;
(ii) aircraft, trains, ships, machinery, machinery and other production equipment for 10 years;
(III) and production and business activities related to appliances , tools, furniture, etc., for 5 years; (iv) transport aircraft, trains, ships other than
, 4 years;
(V) electronics for 3 years.
New Law in terms of net residual value of fixed assets is consistent with the accounting caliber, determined by the enterprises themselves, but tax depreciation methods shall be in the straight-line method of depreciation of fixed assets also has the lowest life limited, so enterprises in determining fixed assets depreciation and net salvage value shall be taken into account when the different requirements of accounting and tax law, for a reasonable tax adjustments.
January 1, 2008 implementation of the "People's Republic of China Enterprise Income Tax Law Implementation Regulations": fixed assets straight-line method to calculate depreciation deducted. Investment in fixed assets of enterprises shall use the month following the computation of depreciation; stop the use of fixed assets, it shall stop using the month following cease depreciation. Enterprises should be based on the nature and use of fixed assets, reasonably determine the estimated residual value of fixed assets. The estimated net salvage value, once established, can not be changed. In addition to the accounts, tax departments as otherwise provided, the minimum fixed asset depreciation lives are as follows:
(a) houses and buildings, 20 years;
(ii) aircraft, trains, ships, machinery, mechanical and other production equipment for 10 years;
(III) and production and business activities related to appliances, tools, furniture, etc., for 5 years; Transportation
(iv) aircraft, trains, ships other than four years;
(V) electronics for 3 years.
New Law in terms of net residual value of fixed assets is consistent with the accounting caliber, determined by the enterprises themselves, but tax depreciation methods shall be in the straight-line method of depreciation of fixed assets also has the lowest life limited, so enterprises in determining fixed assets depreciation and net salvage value shall be taken into account when the different requirements of accounting and tax law, for a reasonable tax adjustments.
tax tax general requirements: residual value of fixed assets was 5%
fixed assets = annual depreciation rate of fixed assets * (1 - 5% residual value of fixed assets) / use years
monthly depreciation rate of fixed assets = fixed assets * (1 - 5% residual value of fixed assets) / (life * 12)
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