The depreciation period of house decoration fee is 2 to 3 years. If the renovation cost accounts for more than 20% of the original value of the house, or the renovation changes the use of the house or significantly prolongs the service life of the house, the renovation cost can be included in the fixed assets, and together with the original fixed assets, the renovation cost+depreciation of the original book value of the fixed assets will be accrued within the remaining service life of the fixed assets from the month following the renovation.

Second, analyze the details

The general renovation of fixed assets is not included in the original value of fixed assets, and the general repair costs are directly included in the current profits and losses, and the major repair costs or improvement costs are treated as long-term deferred expenses. Amortize in installments according to the service life of fixed assets. Moreover, the tax law stipulates that the depreciation period of buildings and structures shall not be less than 20 years, and the residual value rate shall not be less than 5%. In accounting, self-built new buildings and decoration before putting into use should be included in the value of the house, otherwise it can be included in the long-term deferred expenses or included in the expenses at one time, and the tax will be amortized for 5 years.

3. What is the depreciation period of each asset?

1, 20 years of buildings;

2, aircraft, trains, ships, machinery, machinery and other production equipment for 10 years;

3. Instruments, tools and furniture related to production and business activities are 5 years;

4. Means of transportation other than airplanes, trains and ships are four years.