(1) Losses from selling, transferring or selling off non-monetary assets at fair prices in the normal operation and management activities of the enterprise;

(two) the normal loss of enterprise inventory;

(three) the loss of fixed assets that the enterprise has reached or exceeded its service life and is normally scrapped and cleaned up;

(four) the loss of assets caused by normal death when the productive biological assets of the enterprise reach or exceed the service life;

(5) Losses incurred by enterprises in buying and selling bonds, stocks, futures, funds and financial derivatives through various trading places and markets in accordance with the principle of fair market transactions.

Article 10 Asset losses other than those specified in the preceding article shall be declared and deducted to the tax authorities in the form of special declaration. If an enterprise cannot accurately determine whether it belongs to the asset loss declared and deducted by the list, it can declare and deduct it by means of special declaration.

For details, please refer to China Finance and Taxation Network: Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Issuing the Administrative Measures for Pre-tax Deduction of Enterprise Asset Loss/ntax/apps/laws/index.php/lawtext/laws content? LawSerialNo = 403 ea2e 85 1b9ab 04 a 996 bea B4 a 480 a 30 & amp； term = % D7 % A8 % CF % EE % C9 % EA % b 1% A8