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Classification, service life and accelerated depreciation method of fixed assets
According to the new income tax law, the depreciation period of fixed assets is as follows:

Article 60 Unless otherwise stipulated by the competent departments of finance and taxation of the State Council, the minimum depreciation period of fixed assets is as follows:

(a) houses and buildings, for 20 years;

(2) Aircraft, trains, ships, machines, machinery and other production equipment, 10 year;

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

(4) Four years for vehicles other than airplanes, trains and ships;

(five) electronic equipment, for 3 years.

Depreciation life of fixed assets Table 1. Depreciation life of fixed assets of industrial enterprises 1. Depreciation life of general equipment

1. Mechanical equipment 10- 14 years

2. Power equipment 1 1- 18 years

3. Transmission equipment 15-28 years

4. Power transmission equipment 8- 14 years

5. Automatic control and instrumentation

Automatic and semi-automatic control equipment 8- 12 years

Electronic computer 4- 10 years

General test equipment 7- 12 years

6. Industrial kilns 7- 13 years

7. Tools and other production tools 9- 14 years

8. Non-productive equipment and appliances

Equipment and tools 18-22 years

Television, copier, word processor 5-8 years.

Second, the depreciation period of special equipment

9. Special equipment for metallurgical industry 9- 15 years

10. Special equipment for electric power industry

Power generation and heating equipment 12-20 years

Transmission line 30-35 years

Distribution line 14- 16 years

18-22 years power transformation and distribution equipment

Nuclear power generation equipment for 20-25 years

1 1. Special equipment for machinery industry 8- 12 years

12. Special equipment for petroleum industry 8- 14 years

13. Special equipment for chemical and pharmaceutical industries 7- 14 years

14. Special equipment for electronic instruments and telecommunications industry 5- 10 years

15. Special equipment for building materials industry 6- 12 years

16. Special equipment for textile and light industry 8- 14 years

17. Special equipment for mining, coal and forestry 7- 15 years

18. Special equipment for shipbuilding industry 15-22 years

19. Special equipment for nuclear industry for 20-25 years

20. Special equipment for public utilities.

Tap water 15-25 years

Gas 16-25 years

Third, the depreciation period of houses and buildings

2 1. house

Production houses for 30-40 years.

Production houses corroded for 20-25 years.

Strong corrosion production building 10- 15 years

35-45 years of unproductive housing

Simple house 8- 10 years

build

Hydropower dams in 45-55 years

Other buildings 15-25 years

B. Classification depreciation period of fixed assets of commercial circulation enterprises I. Classification depreciation period of general equipment

1. Mechanical equipment 10- 14 years

2. Power equipment 1 1- 18 years

3. Transmission equipment 15-28 years

4. Power transmission equipment 8- 14 years

5. Automatic and semi-automatic control equipment 8- 12 years

Electronic computer 4- 10 years

Air conditioner, air compressor and electrical equipment: 10- 15.

General test equipment 7- 12 years

Fax machine, telex machine, mobile radiotelephone 5- 10 years

Television, copier, word processor 5-8 years.

Audio and video cameras 10- 15 years

Second, the special equipment classification depreciation period

1. Commercial counters and shelves 3-6 years.

2. Processing equipment 10- 15 years

3. Oil pool and oil tank 4- 14 years

4. Refrigeration equipment 10- 15 years

5. Classification and screening equipment for grain and oil raw materials for 6- 10 years

6. Small train 6- 12 years

7. Drying equipment 6- 10 years

8. Soy sauce, vinegar, soy sauce and pickles are seriously corrosive.

Equipment and waste treatment equipment for 4-8 years.

9. Special railway line warehouse (factory) 10- 14 years

10. Weighing platform 7- 12 years

1 1. Lifting machinery and equipment 8- 14 years

12. Fire safety equipment 4-8 years 13. Other commercial equipment and appliances 15-20 years.

Three, houses and buildings classified depreciation period

1. Business premises and warehouses

35-45 years of steel structure

30-35 years of reinforced concrete structure

25-30 years of reinforced concrete brick structure

Brick and wood structure for 20-30 years

Special warehouse for dangerous goods for 20-25 years.

2. Simple house 8- 10 years

4-8 years of fencing

Drying tower 12- 17 years

Ground, threshing floor, terrace and freight yard 5- 10 years.

3. Other buildings 10-20 years