Core Viewpoint - The article discusses the policies and procedures related to the acquisition and tax treatment of fixed assets, emphasizing the importance of understanding the timing of asset recognition and the implications of choosing tax deduction options [2][3][4]. Summary by Sections Fixed Asset Acquisition - Fixed assets can be acquired through monetary purchases or self-construction, with the unit value determined by the purchase price, related taxes, and other direct expenses necessary to make the asset usable [2]. - The recognition of fixed assets depends on the acquisition method, with specific guidelines for monetary purchases, installment payments, and self-construction [2]. Tax Deduction Policies - Fixed assets can be fully deducted in the month they are put into use, with companies having the option to choose whether to enjoy this one-time tax deduction policy [3]. - If a company opts for the one-time tax deduction, the tax treatment may differ from accounting treatment, and once a decision is made, it cannot be changed for that specific asset in future years [3]. Documentation Requirements - Companies must maintain documentation related to the acquisition of fixed assets, including invoices and delivery confirmations, to support their tax treatment and accounting records [3][4]. Tax Adjustment Procedures - If a company enjoys the one-time tax deduction, it must adjust its tax filings in subsequent years to account for the differences between accounting depreciation and tax depreciation [8][12]. - For example, if a company claims a one-time deduction in one year, it must report the remaining accounting depreciation in future tax filings [12]. Reporting Requirements - Companies are required to fill out specific tax forms during quarterly and annual tax filings to report asset depreciation and any tax adjustments related to accelerated depreciation policies [9][10].