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Any foreign-funded company, upon the approval of local tax authorities, can apply for the calculation of depreciation of its fixed asset in an accumulated-depreciation way provided the company meets the following requirements.
1. Machinery and equipment subject to severe corrosion by acids or alkalis and factory building and other structures constantly subject to shakes and vibrations
2. Machinery and equipment constantly operating round the clock to increase the usage rate or usage intensity
3. Fixed asset of a Sino-foreign co-operative company with a term of co-operation shorter than the depreciation period specified by the Tax Law and the fixed asset to be retained by the Chinese party on the expiry of the term of co-operation
4. Fixed asset of a company accredited as a high-tech company
Editor: Catherine
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