Equipment is a fixed asset belonging to the company, so it is to do the accounting treatment is the company's fixed assets
Fixed assets should be depreciated on a monthly basis, depreciation should be accounted for through the "Accumulated Depreciation" accounting
Borrow: Manufacturing Expenses (Depreciation of production plant)
Borrow: administrative expenses (business management, unused fixed assets depreciation)
Borrow: selling expenses (business dedicated sales department depreciation)
Borrow: other operating costs (business rental fixed assets depreciation)
Borrow: research and development expenditures (business research and development of intangible assets when the use of fixed assets depreciation)
Borrow: construction costs (business research and development of intangible assets using fixed assets)
Borrow: construction in progress (depreciation of fixed assets used in construction in progress)
Borrow: special reserve (fixed assets formed by the extraction of the production safety fee)
Borrow: payable remuneration (non-monetary benefits)
Loan: accumulated depreciation
The above are divided according to the department and the use of the division, you have to do the entries to find the appropriate Accounting entries
What do you need to pay attention to when taking depreciation?
1. Determination of annual depreciation when the depreciation period crosses years.
2, the fully depreciated fixed assets continue to be used.
3, in the process of upgrading fixed assets.
4, re-accrual of fixed assets which is to be considered for fixed asset impairment provision.
5, in accordance with the provisions of the separate valuation of land recorded as fixed assets.
6, unused machinery and equipment, instruments and meters, means of transportation, tools and appliances, seasonal out of service should also be depreciated. Construction in progress needs to be depreciated? How should the accounting entries be made?