The costs associated with the reconstruction or acquisition of fixed assets are called capital. Accounting for these costs is carried out using active account 08 "Investments in non-current assets". The debit takes into account the costs of construction or the acquisition of fixed assets, on the loan - the cost of fixed assets put into operation. The debit balance reflects the value of construction in progress.
Instructions
Step 1
Register the receipt of fixed assets in the organization by postings on the basis of incoming documents: - Debit account 08 "Investments in intangible assets", Credit account 60 "Settlements with suppliers" - capitalized fixed assets received from the supplier; - Debit account 19 "VAT on purchased material assets ", Credit account 60" Settlements with suppliers "- VAT included on capitalized fixed assets.
Step 2
Reflect the costs associated with the acquisition of this fixed asset, making the posting: Debit account 08 "Investments in intangible assets", Credit account 60 "Accounts with suppliers" - included the cost of delivery of the fixed asset.
Step 3
Draw up an act of acceptance and transfer of the fixed asset according to forms No. OS-1 and No. OS-2 (for commissioning buildings and structures), issue an inventory card with assigning a number to the accounting object in the form No. OS-6.
Step 4
Reflect in accounting the commissioning of the acquired fixed asset at the generated initial cost by posting: Debit of account 01 "Fixed assets", Credit of account 08 "Investments in intangible assets".
Step 5
Consider, with the economic mode of production, the materials used for the construction or reconstruction of fixed assets by drawing up the entries: Debit of account 08 "Investments in non-current assets", Credit of account 10 "Materials". Also debit this account for other costs associated with the construction or renovation of fixed assets.
Step 6
If a construction company performs capital work for its own needs, take into account in this case the cost of materials and other costs of capital investments on account 20 "Main production". Write off at the end of the work these costs by postings: - Debit account 90 "Sales", Credit account 20 "Main production"; - Debit account 08 "Investments in non-current assets", Credit account 90 "Sales".
Step 7
When calculating VAT on the cost of capital investments made for own needs, complete the entry: Debit of account 08 "Investments in non-current assets", Credit of account 68 (subaccount "Calculations with the budget for VAT").
Step 8
Execute an act of acceptance and transfer of fixed assets in the form No. OS-1 (No. OS-2). If the main asset was reconstructed, draw up an act of acceptance and delivery of the repaired, reconstructed, modernized facilities in the form No. OS-3.
Step 9
Enter the information about the overhaul in the inventory card of the object of fixed assets. Make the following posting at the end of its construction (overhaul): Debit account 01 "Fixed assets", Credit account 08 "Investments in non-current assets".
