What is the standard for industrial enterprises to approve fixed assets?

To correct what two people upstairs said, according to the new standard, fixed assets are now confirmed according to this standard.

1. Fixed assets refer to tangible assets with the following two characteristics:

1. held for the purpose of producing goods, providing services, leasing or management;

2. Its service life exceeds one accounting period.

Service life refers to the expected period for an enterprise to use a fixed asset, or the quantity of products or services that the fixed asset can produce.

Two, fixed assets can be confirmed when they meet the following conditions:

1. The economic benefits contained in this fixed asset are likely to flow into the enterprise;

2. The cost of fixed assets can be measured reliably.

Three, the components of fixed assets have different service lives or provide economic benefits for enterprises in different ways, and adopt different depreciation rates or depreciation methods, each component should be recognized as a separate fixed asset.

Four, the follow-up expenses related to fixed assets of enterprises, which meet the confirmation conditions stipulated in Article 4 of these Standards, shall be included in the cost of fixed assets; If it does not meet the confirmation conditions stipulated in Article 4 of these Standards, it shall be included in the current profit and loss when it occurs.