The residual value of fixed assets (hereinafter referred to as fixed assets) means the cost of fixed assets calculated taking into account their depreciation and equal to the initial cost less depreciation throughout the entire service life. The calculation of the residual value is usually done by accountants and auditors.
Instructions
Step 1
To calculate the residual value, a linear or non-linear depreciation method is used. The residual value of fixed assets, according to the resolution of the Ministry of Finance, is determined as the difference between their initial cost and the amount of depreciation that is charged for the period of operation.
Step 2
To determine the residual value of the property, you first need to determine its residual value for each month of the reporting period. Next, add up all the residual values obtained and divide the resulting amount by the number of months in the reporting period, increased by 1. That is, in the quarterly report, the amount is divided by four, for half a year - by seven, for nine - by ten months.
Step 3
The average cost should be calculated for each group of objects. Then multiply the average cost for each individual object by the tax rate. It is determined for each object by the laws of the constituent entities of the Russian Federation. However, each of them should not exceed 2.2% (Article 380 of the Tax Code of the Russian Federation).
Step 4
Divide the resulting amount of the average property value and tax rate by 4. As a result, a quarter of the annual tax amount comes out. This is a down payment. The rounded amount of the advance payment is reflected in line 180 of section 2 of the tax calculation.
Step 5
Reversal is also distinguished - the residual value of the object, which is obtained when the income stream ceases. It can be determined at the end of the life of an object and when it is resold at an earlier stage. The reversal at the end of the life of the object is determined based on the hypothesis that the value of the land will remain unchanged and the income received from it also does not change. The straight-line capital recovery rate is applied on the assumption that the income stream from the building is considered to be decreasing over time.
