Fixed assets are the property of the organization, which serves as a means of labor in the process of producing goods or performing services (work). PBU 6/01 states that the assets of an organization can be capitalized as fixed assets, provided they are used for more than 12 months, and also if they are involved in the process of work. In accounting, these assets are reflected on account 01. The organization can sell fixed assets, for example, in case of non-use or breakdown. Upon disposal of these assets, the property tax is reduced.
It is necessary
- - act according to the form No. OS-1;
- - contract of sale;
- - documents confirming expenses, for example, waybills.
Instructions
Step 1
If the organization has sold fixed assets, then by all means appropriate entries are made in accounting. First, you must draw up an act of sale of the fixed asset in accordance with Form OS-1. The exception will be the disposal of buildings and structures (when these assets are disposed of, act No. OS-1a is drawn up). This document is drawn up in duplicate.
Step 2
Next, you need to enter information about the disposal of the fixed asset in the inventory card in the form of OS-6 or book number OS-6b. According to the rules of the State Statistics Committee of the Russian Federation of January 21, 2003. No. 7, this information should be entered on the basis of the act on the sale of assets.
Step 3
Then you need to open the subaccount "Fixed assets disposal" to account 01 "Fixed assets". When selling assets on debit, this subaccount must reflect the initial cost, that is, the one that was reflected when the asset was purchased. In the credit of the account, indicate the amount of accrued depreciation, which you can see on account 02 "Depreciation of fixed assets".
Step 4
After that, make the following entry: D02 K01 subaccount "Fixed asset disposal". With this posting, you will reflect the depreciation that was accrued on the asset. As a result of these actions, you can see the residual value of this fixed asset on account 01.
Step 5
Then you need to write off the residual value of the asset being sold as other expenses. To do this, make a note: D 91.2 "Other expenses" K01 subaccount "Retirement of fixed assets write off All costs associated with the sale, for example, transport, packaging, storage, must be reflected by posting: D91.2 K60" Settlements with suppliers and contractors "or 71" Calculations with accountable persons".
Step 6
The profit received from the sale of fixed assets, reflect the entry: D91.1 "Other income" K99 "Profit and loss". Income earned from the sale of an entity's assets is recognized in the period in which the sale is made.
