Almost every organization in the implementation of financial and economic activities uses fixed assets and / or intangible assets, the cost of which is repaid through depreciation. To determine the amounts of depreciation charges that are subject to monthly reflection as part of the organization's expenses, it is necessary to correctly determine not only the initial cost of the fixed asset being put into operation, but also its useful life. The period during which the object will be used to fulfill the goals of the organization's activities is determined on the date of its commissioning, and the taxpayer sets the period independently. This should be done on the basis of the approved Classification of fixed assets.
Instructions
Step 1
When determining the term of the purchased item of fixed assets, be guided by the specifications or recommendations of the manufacturers. As a rule, the necessary information contains a passport or a technical description of the object.
Step 2
When determining the useful life of a used object, using the straight-line method, you have the right to determine the depreciation rate for them, taking into account the useful life, reduced by the number of months (years) of operation of this property by the previous owners. Moreover, you must reflect this object as part of the depreciation group in which it was included by the previous owner. If you apply a depreciation premium, then the object is taken into account at its original cost less depreciation premiums.
Step 3
If the previous owner does not have information about the depreciation group of the object, then you independently determine the depreciation rate, taking into account the useful life adjusted for the period of its use by the previous owner.
Step 4
If the period of actual use of fixed assets by the previous owner is equal to or exceeds the period of use established by the Classifier, then you independently determine the period of its useful life, taking into account the requirements of the technical description of the object, safety measures and other requirements. At the same time, take into account the period of its possible use in the further activities of the organization (the ability to generate income and technical characteristics).
Step 5
The useful life of intangible assets is determined based on the validity period of the patent, certificate, as well as on the terms of the relevant contracts. If it is impossible to determine the term, then the depreciation rates should be set in the calculation of the useful life equal to 10 years.
