Application Of Accelerated Depreciation Policy For Fixed Assets Of Manufacturing Enterprises

In recent years,the labor cost,raw material cost,internal and external financing cost,tax cost and other costs of manufacturing enterprises are rising rapidly.The profitability of manufacturing enterprises is declining,and the reduction of investment leads to slow technology update and production capacity decline,which greatly weakens the competitiveness of manufacturing enterprises.As an important part of the proactive fiscal policy and the cost-cutting policy of supply-side structural reform,"reducing taxes and fees" has played an important role in reducing costs for manufacturing enterprises,promoting the implementation of the innovation-driven strategy,and encouraging mass entrepreneurship and innovation.The tax and fee reduction policies introduced in 2019 have been unprecedented,stimulating manufacturing enterprises to innovate technologies and boosting the development of the manufacturing industry.They not only help enterprises postpone the tax burden and increase cash flow,but also bring new investment and transformation opportunities to enterprises,speeding up the transformation and upgrading of manufacturing enterprises.The State Council and the State Administration of Taxation have been improving the accelerated depreciation policy for fixed assets since 2014 and will extend it to all manufacturing industries in 2019.This will help manufacturers reduce costs,upgrade technologies and enhance competitiveness in the economic downturn.The fundamental purpose of the accelerated depreciation policy is to promote the technological input of enterprises,rather than to expand production capacity,fundamentally changing the status quo of the manufacturing industry.This paper adopts a combination of quantitative and qualitative analysis.The quantitative analysis in this paper is an overall analysis of the number of USES and industry distribution of 329 listed companies that have adopted accelerated depreciation policies from 2014 to 2018.It can be seen that a high proportion of manufacturing enterprises have adopted accelerated depreciation policies.In this paper,the qualitative analysis of accelerated depreciation policy according to the positive effect and adverse effect is analyzed,and for the pearl of cangzhou concrete verification of case analysis,it can be seen that accelerated depreciation policy of investment in fixed assets of the enterprise,promote the scientific research investment and transformation and upgradingand enterprise development play a role,but also increase the incidence of the enterprise financial risk.Through qualitative and quantitative analysis,it can be seen that the pros and cons of accelerated depreciation policy for enterprise development,this article according to the above analysis for medium and small miniature enterprise according to the different situation to choose the reasonable depreciation policy to provide the reference,and puts forward adopting this policy will produce a positive effect and adverse effect to help enterprises more accurate choice,the hope can help manufacturers in developing their own business operation,make the enterprise value maximization of the accelerated depreciation policy.It is hoped that this policy can help manufacturing enterprises play an active role in increasing technological innovation and equipment investment and promoting enterprise transformation and upgrading,so as to promote the development of manufacturing industry.