Analyze on the Differences between the Method of Fixed Assets Disposal Determined by New Accounting Standard and New Income Tax Law

There are some differences between the method of fixed assets disposal determined by new accounting standard and new income tax law,which is in accordance with enterprise accounting standard published in 2006 and corporation income tax law and implementing regulations issued in 2007.The differences exist among initial measurement of the fixed assets,depreciation of fixed assets,fixed assets follow-up pay,reducing value of fixed assets and disposal of fixed assets.Enterprises must adjust the paying taxes at the end of the year,then determine temporary differences and its nature which are produced in the course of describing the income taxes related to fixed assets,and then recognize deferred tax assets and liabilities.