Fixed assets should be depreciated on a monthly basis, and the depreciation should be recorded in the "accumulated depreciation" account, and according to the use of the relevant assets to the cost or profit and loss.
1, the industry to build their own fixed assets used in the process of fixed assets, the depreciation should be included in the cost of construction in progress.
2, the fixed assets used in the production plant, the depreciation should be charged to manufacturing costs; fixed assets used by management, the depreciation should be charged to administrative expenses.
3. The depreciation of fixed assets used in the sales department should be charged to selling expenses.
4. The depreciation of fixed assets leased out by the camp should be included in other operating costs.
When a company depreciates fixed assets:
Debit: manufacturing costs, selling expenses, administrative expenses and other subjects.
Credit: accumulated depreciation account.
How to account for one-time depreciation of fixed assets not exceeding 5 million?
The main points of the treatment of one-time deduction of fixed assets of less than 5 million yuan
Recently, the Ministry of Finance and the State Administration of Taxation issued the "Notice on the Enterprise Income Tax Policies Relating to the Deduction of Equipment and Apparatus" (Cai Shui 〔2018〕 No. 54), which stipulates that, from January 1, 2018, to December 31, 2020, the enterprise's newly purchased, unit value of not more than 5 million yuan of equipment and apparatus can be deducted at once before tax.
The main content of the document: how can enterprises accurately implement this document, I believe that the following key points of Cai Shui [2018] No. 54 should be grasped:
1. Scope: the scope of the one-time pre-tax deduction of fixed assets is allowed to be deducted on a one-time basis, which refers to the fixed assets such as equipment and appliances other than buildings and buildings, i.e., movable assets (including transportation).
2. Purchase time: purchased and manufactured during the period from January 1, 2018 to December 31, 2020. Includes purchased used fixed assets.
3. Unit value: unit price does not exceed 5 million yuan. If input tax credit is allowed, the price is excluding tax; if there is no input tax credit, the price is including tax.
4. Residual value treatment: if the enterprise chooses to enjoy the one-time deduction policy, the one-time pre-tax deduction includes the residual value.
Fixed assets one-time depreciation accounting entries. Above is the small make up to bring you all the introduction, after reading the above, I believe that on this issue you have a clear understanding of all, if there are other questions, welcome to click on the lower right corner of the small window with more of our online teachers to communicate and interact!