State-owned trade and financial enterprises fixed assets depreciation measures

Chapter I General Provisions Article 1 According to the State Council on April 26, 1985 issued by the State Council, "State-owned enterprises fixed assets depreciation trial regulations" (hereinafter referred to as "trial regulations") to formulate these measures. Article 2 In order to strengthen the management of fixed assets, correctly depreciate them, reasonably utilize the depreciation fund, and promote the renewal and transformation of fixed assets of the enterprises, starting from January 1, 1989, all the state-run commercial, grain, foreign trade, financial, and insurance enterprises with independent economic accounting shall stop the implementation of the comprehensive depreciation method, and shall instead implement classified depreciation and establish a sound and effective system of depreciation in accordance with the provisions of the "Trial Regulations". Instead, they shall implement classified depreciation and establish a sound responsibility system for the management of fixed assets and depreciation funds. Article III depreciation of fixed assets should be extracted and used in accordance with national regulations. Chapter II withdraw depreciation of the scope of Article IV of the "Trial Regulations" referred to as "fixed assets", business, food, foreign trade enterprises refers to the unit value of more than 800 yuan, financial and insurance enterprises unit value of more than 500 yuan, the service life of more than one year of the housing, buildings, various types of equipment, and although it reaches a certain level of depreciation of fixed assets. The value of the unit of commercial, grain and foreign trade enterprises is more than 800 yuan, the value of the unit of financial and insurance enterprises is more than 500 yuan, and the service life is more than one year. Although meet the fixed asset standards, but by the financial sector special approval not as fixed assets management except. Article 5 The following fixed assets shall be depreciated:

A. Houses and buildings;

2. All kinds of equipment in use;

3. Seasonal decommissioning and overhaul of decommissioned equipment. Article 6 The following fixed assets shall not be depreciated:

I. Land;

II. Fixed assets whose overall renewal is realized through localized overhaul in rotation, including roads, embankments, barges, open ground, storage tanks (tanks), wharves, berms, berms, as well as other fixed assets which the Ministry of Finance examines and agrees to realize the overall renewal through overhaul in rotation;

III. Equipment which has not been Use and do not need to use the equipment;

4, construction projects, not formally delivered before the use of fixed assets on a trial basis. Article VII of the enterprise for the development of new products, new technologies and the realization of the computerization of accounting and the acquisition of testing equipment, test devices, micro-computers and other equipment, the purchase cost in accordance with state regulations have been in the cost (expenses), such fixed assets should be listed separately, as fully depreciated fixed assets, do not draw depreciation. Article 8 The equipment of an enterprise which has been continuously closed for more than one month shall not be depreciated during the period of closure. All kinds of equipments of an enterprise which is in the state of semi-discontinuance shall be depreciated by half unless otherwise provided by the state. Article 9 The fixed assets leased by the enterprise through the lease, the expiration of the lease period of property rights to the lessee, the lessee shall be depreciated by the enterprise. Lease payments are included in the cost (expenses) shall be treated as depreciation.

Enterprises leased fixed assets, property rights still belong to the lessor, the leased fixed assets by the enterprise depreciation, compensation in the lease fee income. Article 10 The fixed assets which have been fully depreciated in the accounts shall no longer be depreciated. However, fixed assets which have reached the stipulated service life before 1989, if their performance is still good and they still need to be used, they may continue to be depreciated according to their original value and the stipulated standard before the end of 1993 with the approval of the financial department at the same level (the central enterprises by the local central enterprises' financial institutions in the factory, hereinafter the same). From January 1, 1994 onwards, no further depreciation. Article XI due to social and technological progress must be replaced by advanced equipment backward equipment, as well as due to high energy consumption according to state regulations should be eliminated equipment, by the enterprise reported to the competent departments and the financial sector at the same level for examination and approval to be scrapped in advance, the depreciation of its failure to draw, you can make up for the depreciation.

It is indeed product quality problems caused by the early scrapping of equipment, the depreciation of its full depreciation, approved by the competent departments of the enterprise and the financial sector at the same level, you can make up for.

Enterprise mismanagement caused by early retirement of fixed assets, the depreciation is not fully depreciated no longer make up. Chapter III calculation, the basis and method of depreciation Article 12 of the basis for calculating depreciation for the original value of fixed assets.

Fixed assets purchased and constructed with capital construction appropriations or capital construction loans, the value of fixed assets determined in the property schedule of the construction unit for use as the original value.

Fixed assets purchased and constructed with special appropriations, special funds and special loans are valued at the actual cost of purchase and construction.

Fixed assets transferred with compensation and fixed assets leased in the form of financial leases are valued at the actual transfer or purchase price, plus packaging costs, transportation and installation costs.

Fixed assets transferred in without compensation are valued at the original book value of the unit from which they are transferred, less the original installation cost, plus the installation cost of the unit to which they are transferred.

Fixed assets that have increased in value through remodeling or expansion shall be valued at the new value after the increase in value as the original value.

Fixed assets accepted as gifts and transferred back from overseas branches by an enterprise shall be valued at their present value according to their technical performance and degree of newness to determine their original value. Article 13 Enterprises shall calculate and draw depreciation of fixed assets by adopting the average life method (i.e., the straight-line method, the same hereinafter) and the workload method. Except as otherwise provided by the Ministry of Finance. Article XIV of the following professional equipment depreciation, calculated and extracted according to the workload method:

A passenger and freight car depreciation based on the unit mileage depreciation and the actual mileage calculated and extracted;

Second, large-scale lifting and transport equipment according to the amount of depreciation per shift and the actual work of the shift calculated and extracted.

No separate accounting conditions for passenger and freight cars and large cranes, transportation equipment, agreed by the financial sector at the same level, can also be depreciated according to the average life method.