Conclusion: In response to the policies issued by the Ministry of Finance and the State Administration of Taxation on the treatment of fixed assets below 5,000 yuan, there are three common accounting entry methods. The following is a detailed explanation:

According to Caishuizi (2014) Notice No. 75, companies have several ways to deal with fixed assets worth less than 5,000 yuan. First of all, some companies choose to deduct taxes immediately upon purchase and include the cost in accounting. This method is simple and straightforward.

The second strategy is to treat these assets as fixed assets, but do not depreciate them immediately. Instead, they are recorded in the fixed assets account immediately after purchase and are subsequently depreciated in full. This helps maintain the accuracy of accounting records, but may affect the current period's income statement.

The third approach is to count assets below 5,000 yuan as low-value consumables rather than fixed assets. This means that although the value of these assets is low, asset management, asset tags and inventory are still required. However, in terms of tax policies, these assets do not enjoy depreciation benefits and are only subject to accelerated depreciation policies.

It is worth noting that assets above 2,000 yuan are usually managed as fixed assets, while assets between 2,000 and 5,000 yuan, although included in cost, need to declare accelerated depreciation fixed assets during accounting treatment. Asset declarations, although they are not reflected in depreciation charges, are given policy treatment for accelerated depreciation.

In general, which method to choose depends on the company’s specific accounting policies and tax planning. It is important to ensure compliance with accounting standards and tax law requirements.