Fixed assets are the labor means of enterprises and the main assets that enterprises rely on for their production and operation. From the perspective of accounting, fixed assets are generally divided into productive fixed assets, unproductive fixed assets, leased fixed assets, unused fixed assets, unnecessary fixed assets, financing leased fixed assets and donated fixed assets.
Main features of fixed assets:
1, the value of fixed assets is generally relatively large, the use time is relatively long, and they can participate in the production process repeatedly for a long time.
2. Although wear occurs in the production process, it does not change its physical form, but gradually transfers its value to the product according to its wear degree, and the value transferred part is recovered to form a depreciation fund.
Fixed assets accounting treatment of extended data;
Disposal of fixed assets, including sale, transfer, scrapping and damage of fixed assets, foreign investment, exchange of non-monetary assets, debt restructuring, etc.
I. Conditions for derecognition of fixed assets
Fixed assets that meet one of the following conditions shall be derecognized:
(1) Fixed assets are in the disposal state;
(2) The fixed assets are not expected to generate economic benefits due to their use or disposal.
Second, the disposal of fixed assets
(1) If an enterprise holds fixed assets for sale, it shall adjust its estimated net salvage value.
(2) When the fixed assets are sold, transferred, scrapped or damaged by the enterprise, the amount of the disposal income after deducting the book value and relevant taxes and fees is included in the current profit and loss. The book value of fixed assets is the amount after deducting accumulated depreciation and accumulated impairment reserve from the cost of fixed assets.
(3) If an enterprise includes the subsequent expenditure of fixed assets in the cost of fixed assets, it shall stop recognizing the book value of the replaced part.
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