What is a fixed assets depreciation fund?
Depreciation fund is generally a subject used by accounting in public institutions; Enterprises only have depreciation. Enterprises pay a large amount of cash to buy fixed assets at one time, but they are included in the cost through depreciation in each period. Depreciation of each period becomes a compensation for the original investment in fixed assets, which can be deducted before income tax, so it can be regarded as a recovery of the original investment.