To reduce the total assets to 50 million, the following measures can be taken: first, check the assets and make clear their status; Secondly, reduce the scale of assets through divestiture and sale; Finally, conduct compliant financial treatment to ensure that the asset decline is legal and compliant.

I. Inventory of assets

In order to ensure the accuracy and compliance of asset decline, it is necessary to conduct a comprehensive inventory of existing assets first. This includes verifying information such as asset type, quantity and value to ensure the completeness and accuracy of the asset list.

Second, reduce the scale of assets

Asset stripping: according to the enterprise strategy and market environment, non-core assets can be stripped to reduce total assets. Stripping methods can include sale, transfer, separation, etc.

Asset sale: Reduce the size of assets by selling idle assets, inefficient assets or assets that do not meet the strategic objectives of the enterprise.

Other ways: you can also consider mergers and acquisitions of enterprises to optimize asset allocation and reduce total assets.

Third, it conforms to financial treatment.

In the process of reducing the scale of assets, we must abide by relevant laws and regulations to ensure the compliance of financial treatment. This includes legal accounting treatment, tax declaration and information disclosure.

This can be achieved in the following ways:

1. Asset impairment: evaluate the asset impairment to determine whether there is asset impairment. If so, the total assets can be reduced by drawing impairment reserves.

2. Disposal of assets: Disposal of some non-core assets or inefficient assets, thereby reducing total assets.

3. Reorganization or merger: Reorganization or merger with other companies to reduce total assets through consolidated financial statements.

To sum up:

In order to reduce the total assets to 50 million, we must first check the assets and make them clear; Secondly, reduce the scale of assets through divestiture and sale; Finally, carry out compliant financial treatment to ensure that the asset decline is legal and compliant. In the whole process, we must abide by relevant laws and regulations to ensure the legality and compliance of the operation.

Legal basis:

People's Republic of China (PRC) Company Law: A company may divest, sell or transfer its assets according to the market environment and its own development needs.

Accounting Law of People's Republic of China (PRC): A company shall conduct accounting and prepare financial reports in accordance with the unified national accounting system to ensure the truthfulness and accuracy of financial information.

People's Republic of China (PRC) Law on Tax Collection and Management: When disposing of assets, the company shall declare and pay taxes according to law and abide by the laws and regulations on tax collection and management.