Fixed assets include in its composition assetswhose service life is more than one year and which are used by the organization many times to carry out its activities, while they retain their real physical form.
For taxation of profits under the objectsfixed assets understand the property of the organization, which is used as a means of labor for the implementation, provision of services, execution of works, production of goods, as well as for management purposes. In this case, the initial value of the assets should be more than 20 thousand rubles.
Initial value of fixed assets: calculation formula
In accordance with the legislation of the initialthe value of fixed assets is defined as the sum for their purchase, production, construction, delivery and fine-tuning to the state when they become suitable for use. It does not include in its composition the amount of excise and value-added tax, except in cases provided for in the Tax Code.
The initial value of fixed assetsrelated to leasing, is the sum of expenses incurred by the lessor for their purchase, delivery, construction and bringing to a suitable condition. The exception is taxable amounts that are deductible or that are accounted for in expenses.
The initial cost also includes expenses.the lessor for payment of customs duties for the importation of fixed assets for leasing into the territory of the state, which are associated with the direct acquisition of the specified assets.
The initial value of fixed assetswhich were identified during the inventory is calculated in the form of the amount by which this property is estimated. This cost includes the cost of shipping and bringing the funds to a state of suitability for use, with the exception of excise taxes and VAT.
In determining the initial costRevealed during the inventory funds for expenses do not include costs for the services of the appraiser. Payment for the services of companies producing property valuation is attributed to other expenses related to the sale and production of goods.
The initial value of fixed assetsreceived as a result of own production, calculated as the cost of production (finished), increased by the volume of excise taxes, in the case when the produced fixed assets are referred to excisable goods.
The initial cost may vary during the completion, renovation, retrofit, technical re-equipment, modernization, partial liquidation and in other cases.
The initial cost is the basis of calculations whencalculating the replacement cost of depreciable assets acquired prior to the beginning of 2002, while taking into account all revaluations made before that time. All accrued depreciation amounts are subject to revaluation.
The residual value of commissioned toThe year 2002 of fixed assets is determined by the difference between the cost of the restoration and the accumulated depreciation amount. And the estimated residual value of fixed capital used after 2002 is determined as the difference between the initial value of objects and the depreciation amount accrued during use. In a similar manner, the residual value of assets is determined, on which depreciation is calculated using the linear method.
Residual value of objects, accrualdepreciation on which is produced by non-linear methods, calculated by the product of the initial value by the number of full months of the period between the inclusion and exclusion of assets in the depreciation group. The result obtained is multiplied by the difference of a unit and a tenth of the coefficient of depreciation rate.
