Depreciation methods of fixed assets mainly include

There are four depreciation methods for fixed assets, namely, average life method, workload method, total life method and double declining balance method.

The average life method, also known as the straight-line method, is a method to evenly allocate the depreciation of fixed assets to each period. The depreciation amount of each period calculated by this method is equal.

legal ground

Article 60 of the Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC) stipulates that, unless otherwise stipulated by the competent departments of finance and taxation of the State Council, the minimum period for calculating the depreciation of fixed assets is:

(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.