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Can be credited to the Fixed Assets account.

Basis: Accounting Standards for Business Enterprises No. 4 - Fixed Assets (2006) Cai Hui [2006] No. 3 Article 3 --- Fixed assets refer to tangible assets with 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 4 Fixed assets can only be recognized if they meet the following conditions at the same time:

1) The economic benefits related to the fixed assets are likely to flow into the enterprise;

2) The cost of the fixed asset can be reliably measured.