Accounting. Receipt of fixed assets (most important)

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Accounting. Receipt of fixed assets (most important)

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48. Receipt of fixed assets

Fixed assets - these are the means of labor that are used in the production of products (performance of work, provision of services), for the management needs of the organization for a long time (over 12 months), do not change their appearance during operation, but wear out, transferring their value in parts to the new created product through depreciation.

Distinguish the following the main ways of receipt of fixed assets to the enterprise:

▪ purchasing for a fee from suppliers;

▪ creation by economic means;

▪ receipt under a gift agreement (free of charge);

▪ receipt as a contribution to the authorized capital;

▪ receipts under contracts providing for the fulfillment of obligations (payment) not in cash.

The initial cost of fixed assets purchased for a fee, the amount of the organization's actual costs for the acquisition, construction and manufacture is recognized, with the exception of value added tax and other reimbursable taxes.

1. The costs of acquiring an item of fixed assets are reflected:

Debit account 08 "Investments in non-current assets", sub-account "Acquisition of fixed assets"

Credit of account 60 "Settlements with suppliers and contractors".

2. Value added tax was charged on the acquired object:

Debit account 19 "Value added tax on acquired values"

Credit of account 60 "Settlements with suppliers and contractors".

3. An item of fixed assets is accepted for accounting at historical cost, except for value added tax:

Debit of account 01 "Fixed assets" Credit of account 08 "Investments in non-current assets".

The initial cost of fixed assets received by the organization under a donation agreement (free of charge), their current market value is recognized as of the date of acceptance for accounting.

3. The market value of the fixed asset received under the donation agreement (free of charge) is reflected:

Debit of account 08 "Investments in non-current assets" Credit of account 98 "Deferred income", sub-account "Grants".

The initial cost of fixed assets contributed as a contribution to the authorized capital of the organization, their monetary value agreed by the founders is recognized. The amount of receivables on contribution to the authorized capital is reflected in the debit of account 75 "Settlements with the founders" and the credit of account 80 "Authorized capital".

4. The amount of the participant's contribution is reflected in the form of the value of the fixed asset:

Debit of account 08 "Investments in non-current assets" Credit of account 75 "Settlements with founders", sub-account "Settlements on contributions to the authorized (share) capital".

The initial cost of fixed assets received under agreements providing for the fulfillment of obligations (payment) in non-monetary funds, the value of the values transferred or to be transferred by the organization is recognized. This value is based on the price at which, in comparable circumstances, an entity would normally value similar assets.

Fixed assets are accepted for accounting under account 01 "Fixed assets" at their original cost.

Debit account 01 "Fixed assets"

Credit of account 08 "Investments in non-current assets" - an object of fixed assets was accepted for accounting at its original cost.

Author: Kabkova E.N.

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