Q：
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What are fixed assets?
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A：
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Fixed assets refer to non-monetary assets held by enterprises for the purpose of producing products, providing labor services, renting or operating management, with a useful time exceeding 12 months.
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Q：
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What do fixed assets include?
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A：
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Fixed assets include houses, buildings, machines, machinery, transportation tools, and other equipment, appliances, and tools related to production and operation activities.
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Q：
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What fixed assets are not deductible before tax?
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A：
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Fixed assets other than houses and buildings that have not been put into use.
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Fixed assets leased in through operating leases.
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Fixed assets leased out through financing leases.
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Fixed assets that have been fully depreciated and continue to be used.
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Fixed assets that are unrelated to business activities.
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Land which is separately valued as fixed assets.
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Other fixed assets that cannot be calculated for depreciation deduction.
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Q：
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What are the minimum depreciation years for fixed assets?
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A：
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For houses and buildings, useful life is 20 years.
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For airplanes, trains, ships, machinery, machinery, and other production equipment, useful life is 10 years.
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For appliances, tools, furniture, etc. related to production and business activities, useful life is 5 years.
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For transportation other than airplanes, trains, and ships, useful life is 4 years.
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For electronic equipment, useful life is 3 years.
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Q：
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When calculating taxable income, what conditions must be met for the major repair expenses of fixed assets to be allowed for deduction?
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A：
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The repair expenses shall reach more than 50% of the tax basis at the time of obtaining fixed assets.
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The service life of fixed assets after repair is extended by more than 2 years.
The above two conditions must be met simultaneously.
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FAQ
