How to establish a depreciation account of fixed assets after the establishment of a new hotel?

First of all, it is necessary to find out how the existing fixed assets are formed, whether they are purchased, built by themselves, invested by investors or donated. After that, we will set up a subsidiary ledger of fixed assets according to the actual situation.

Loan: bank deposits and other subjects.

Depreciation is accrued monthly within the depreciation period of asset categories stipulated in the tax law, and the net salvage value rate is generally between 3% and 5%.

Borrow: Operating expenses and other subjects.

Credit: accumulated depreciation