Fixed assets of the organization transfer their value to the finished product in parts over a long period of time, including several production cycles. Therefore, the accounting of fixed assets is carried out in such a way that it is possible to simultaneously show their preservation of their original physical form and a gradual loss of value.
Instructions
Step 1
Remember that when determining the cost of fixed assets, there are several types of it. The initial cost reflects the actual cost of acquiring the property. It does not change throughout the entire period of operation of the fixed asset, except in cases of completion, reconstruction or partial liquidation.
Step 2
You can determine the residual value as the difference between the original cost and the amount of depreciation: C rest = C first - I. Valuation of fixed assets at residual value is necessary in order to know their condition in the process of use, as well as to compile the balance sheet.
Step 3
Instead of the original cost, you can use replacement cost in this formula. It corresponds to the cost of creating or acquiring similar fixed assets in modern conditions. To determine the replacement cost of fixed assets, a revaluation should be carried out by indexation and by direct translation at real market prices.
Step 4
When analyzing fixed assets by residual value, you should calculate the residual value at the end of the year. It is determined as follows: Comp (k) = Comp (n) + Svved - Svyb, where Comp (k) is the residual value of the property at the end of the year, S ost (n) is the residual value of the property at the beginning of the year, Svved is the value entered into fixed assets during the year, Svyb - the cost of fixed assets retired during the year.
Step 5
Since the residual value of fixed assets at the beginning and end of the year can differ significantly, the average residual value can be used for the analysis. It is calculated as follows: Comp (sr) = (Comp (sum) + Comp (trace)) / (N + 1), where Comp (sr) is the average residual value of fixed assets, Comp (sum) is the sum of indicators of the residual value of fixed assets funds on the 1st day of each month in the period, Comp (trace) - the sum of the residual value on the 1st day of the month following the reporting period, N - the number of months in the reporting period.
