Accounting financial accounting. Depreciation of fixed assets (most important)

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Accounting financial accounting. Depreciation of fixed assets (most important)

Lecture notes, cheat sheets

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32. DEPOSIT OF FIXED ASSETS

Depreciation - gradual transfer of the cost of fixed assets during their operation to the cost of finished products, works and services.

Depreciation deductions - monetary value of depreciation of fixed assets included in the cost of products, works and services. In this way, the organization reimburses the costs of using fixed assets.

The objects for depreciation are fixed assets that are in the organization on the basis of ownership, economic management or operational management.

Accrual of depreciation deductions for fixed assets during the reporting period is made regardless of the method used for calculating depreciation in the amount of ¹/₁₂ calculated annual amount. For newly received objects, depreciation is charged from the 1st day of the month following the month the object was put into operation, and for retired objects it ends on the 1st day of the month following the month until the object is fully repaid or written off from the accounting records in connection with the termination of the right property.

The accrual of depreciation deductions is suspended for fixed assets transferred by decision of the organization's management for conservation for more than 3 months, for reconstruction and modernization - for more than 12 months (clause 23 PBU 6/01).

Depreciation is not charged for fixed assets:

▪ housing stock (housing, houses, dormitories, apartments, etc.);

▪ external improvement objects and other similar objects (forestry, road management, specialized structures, shipping conditions, etc.);

▪ productive livestock, buffaloes, oxen and deer;

▪ perennial plantings that have not reached operational age. For these objects and fixed assets of non-profit organizations, depreciation is calculated at the end of the reporting year according to the established depreciation rates.

The movement of depreciation amounts for such objects is accounted for on a separate off-balance account 010 "Depreciation of fixed assets", and it does not affect the financial result of the organization.

Fixed assets with a value of not more than 10 rubles. per unit, as well as purchased books, brochures, etc. publications are allowed to be written off as production costs (sales costs) as they are put into production or operation.

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