Article 60 of the "Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China" stipulates: Unless otherwise specified by the financial and taxation authorities of the State Council, the minimum number of years for calculating depreciation of fixed assets is as follows:

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(1) Houses and buildings, 20 years;

(2) Planes, trains, ships, machines, machinery and other production equipment, 10 years;

< p>(3) Appliances, tools, furniture, etc. related to production and business activities, 5 years;

(4) Transportation tools other than airplanes, trains, and ships, 4 years;

(5) Electronic equipment, for 3 years.

The "Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China" is a standard at the national legal level. Its provisions will continue to be implemented as long as the Ministry of Law abolishes it. It has not been abolished yet, so This implementation will continue in 2011. Extended information

Depreciation of fixed assets refers to the part of the value that is transferred to goods or expenses due to the gradual loss of fixed assets during use. It is also the part of the value of fixed assets that is transferred to goods or expenses during the production and operation process of an enterprise due to the use of fixed assets. Fixed asset consumption amortized over its useful life. Determining the depreciation range of fixed assets is the prerequisite for calculating depreciation.

A monetary estimate of the value of capital consumed during the period under consideration. Also called capital consumption compensation in national income accounts. Depreciation of fixed assets refers to the systematic apportionment of accrued depreciation according to a determined method within the service life of fixed assets.

Reference material: Baidu Encyclopedia-Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China