How to conduct real estate depreciation accounting

Reference: According to Article 60 of the Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC): "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; ……"

Article 98 stipulates: "The fixed assets that can shorten the depreciation period or accelerate the depreciation mentioned in Article 32 of the Enterprise Income Tax Law include:

(1) Fixed assets with rapid product upgrading due to technological progress;

(2) Fixed assets are in a state of strong vibration and high corrosion all the year round. …… "

According to the above regulations, the minimum depreciation period of the house is 20 years. Because the house does not meet the accelerated depreciation conditions stipulated in the tax law when it is used, the accelerated depreciation method cannot be adopted.