Fixed assets can be divided into fixed assets for production and operation and fixed assets for non-production and operation according to economic purposes. When small-scale taxpayers purchase fixed assets and obtain ordinary VAT invoices, they shall be included in the original value of fixed assets according to the total invoice amount. Entries are processed as follows:

Borrow: fixed assets

Loans: bank deposits, etc.

When receiving the special VAT invoice:

Borrow: fixed assets

Taxes payable-VAT-input tax

Loans: bank deposits, etc.

Fixed assets held for producing goods, providing services, leasing or management have a service life of more than one fiscal year. Enterprises usually set up fixed assets, accumulated depreciation, fixed assets cleaning, construction in progress and other subjects to account for fixed assets.

The original value of fixed assets is the abbreviation of "original value of fixed assets", which is called "original value of fixed assets" and "original acquisition cost", and it is also the basis for accounting fixed assets and calculating depreciation.