How to depreciate office furniture?

According to the depreciation time of 5 years, the depreciation can be ...... by using the straight-line method

Office furniture is generally depreciated on a 5-year basis.

1. Houses and buildings, 20 years;

2. 10 years for aircraft, trains, ships, machines, machinery and other production equipment;

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

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

5. Electronic equipment, 3 years.

Hope it helps!

In accounting practice, you can record a batch of office furniture purchased at the same time as a fixed asset and depreciate on a five-year straight-line basis.