Teacher, I would like to ask if the cost of office furniture purchased during the preparation period

Article 3 of the Accounting Standards for Business Enterprises No. 4 - Fixed Assets stipulates that fixed assets refer to tangible assets that have the following characteristics at the same time:

1) Held for the purpose of producing goods, providing labor services, leasing or business management;

b) The service life is more than one fiscal year. Service life refers to the expected period during which an enterprise will use a fixed asset, or the quantity of products or services that the fixed asset can produce.

Article 57 of the Regulations for the Implementation of the Enterprise Income Tax Law stipulates that the term "fixed assets" in Article 11 of the Enterprise Income Tax Law refers to the non-monetary assets held by enterprises for the purpose of producing products, providing labor services, leasing or operation and management, and having been used for more than 12 months, including houses, buildings, machines, machinery, means of transportation and other equipment, appliances and tools related to production and business activities. Article 60 stipulates that, unless otherwise stipulated by the competent financial and taxation departments of the State Council, the minimum period for calculating depreciation of fixed assets is as follows:

1) 20 years for houses and buildings;

ii) 10 years for aircraft, trains, ships, machines, machinery and other production equipment;

3) 5 years for appliances, tools, furniture, etc. related to production and business activities;

4) 4 years for means of transport other than airplanes, trains, and ships;

e) electronic equipment, for 3 years.

Therefore, if the office furniture purchased by your company has been used for more than one year, it should be regarded as fixed assets in accordance with the above provisions, and can be divided into fixed assets for production and operation and non-business use according to the use department. In accordance with the relevant provisions of the tax law, the depreciation period shall be reasonably determined and depreciation shall be accrued.

If it is a fixed asset, it cannot be included in the start-up fee and is included in the fixed asset.

Office furniture can be capitalized and not included in the start-up fee (expense treatment).

Borrow: Fixed Assets - Furniture.

Credit: bank deposits, etc.

Materials, commodities, fixed assets, intangible assets, etc. during the preparation period are capitalized. The service life of office furniture is five years.