Depreciation period of furniture production machinery

‌The depreciation period of furniture production machinery is usually 10 years‌. According to Article 60 of the Implementation Regulations of the Enterprise Income Tax Law of the People's Republic of China, the depreciation period of aircraft, trains, ships, machinery, machinery and other production equipment is 10 years‌.

In addition, the depreciation period of appliances, tools, furniture, etc. related to production and business activities is 5 years‌. These regulations apply to accounting and tax processing to ensure that the company's financial processing and tax declaration are consistent‌.