Accounting financial accounting. Accounting for the disposal of fixed assets (the most important)

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Accounting financial accounting. Accounting for the disposal of fixed assets (the most important)

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35. ACCOUNTING FOR DISPOSAL OF FIXED ASSETS

The cost of an item of fixed assets that is retired or not permanently used for the production of products, performance of work and provision of services, or for the management needs of the organization, is subject to write-off from accounting. The disposal of an item of fixed assets is recognized in the accounting of the organization on the date of one-time termination of all conditions for their acceptance for accounting.

The write-off of the value of an object of fixed assets is reflected in the accounting records on the sub-account of accounting for the disposal of fixed assets, opened to the account of fixed assets. At the same time, the initial (replacement) cost of the fixed asset object is debited to the debit of the specified subaccount in correspondence with the corresponding subaccount of the fixed assets accounting account, and the amount of accrued depreciation for the useful life of this object in the organization in correspondence with the debit of the depreciation accounting account is written off to the credit of the specified subaccount. At the end of the disposal procedure, the residual value of the fixed asset item is debited from the credit of the sub-account for accounting for the disposal of fixed assets in debit account 91 "Other income and expenses", under the sub-account "Disposal of fixed assets" as other expenses.

Expenses associated with the disposal of an item of fixed assets are recorded in the debit of the account of other income and expenses as other expenses. In the credit of this account, as other income, the amount of proceeds from the sale of valuables related to the retired fixed asset, the cost of capitalized material assets received from the dismantling of the fixed asset at the price of possible use are taken into account.

The disposal of an object of fixed assets transferred as a contribution to the authorized (reserve) capital, share fund, in the amount of its residual value, is reflected in accounting on the debit of account 75-1 "Settlements with founders" and the credit of account 01 "Fixed assets". Previously, the arising debt on a contribution to the authorized (reserve) capital, unit fund is recorded in the debit of the account for accounting for financial investments in correspondence with the credit of the account for accounting for settlements for the amount of the residual value of the fixed asset object transferred as a contribution to the authorized (reserve) capital, unit fund, and in the case of full repayment of the cost of such an object - in a conditional assessment adopted by the organization, with the allocation of the assessment amount to financial results.

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