Depreciation entries of fixed assets of public institutions

A: Borrowing: business expenses

Lending: bank deposits (or the amount of money used in zero-balance accounts)

Borrowing: fixed assets

Loaning: non-current assets funds-fixed assets

In order to make the assets more real, the fixed assets of public institutions need to be depreciated, such as cultural relics, exhibits, animals and plants, animals and plants. The entries are as follows:

Debit: non-current assets fund-fixed assets

Loan: accumulated depreciation

Note: the residual value of fixed assets of administrative institutions is not considered, and the average service life method or workload method is generally used.

How to confirm and measure the fixed assets of public institutions?

fixed assets for non-profit organizations refer to the assets held by public institutions with a service life of more than one year (excluding one year) and a unit value of more than 1 yuan (of which the unit value of special equipment is more than 1,5 yuan), and basically keep the original material form during use.

Confirmation and measurement of fixed assets of public institutions:

1. Set up according to regulations.

2. Self-made fixed assets shall be accounted for according to the actual expenses of labor, lining and expenses;

3. The net added value of reconstruction and fixed assets is added to the original value according to the reconstruction and expansion expenditure minus the incomings during the reconstruction and expansion; Fixed assets leased by financing shall be accounted for according to the equipment price, freight and miscellaneous fees and installation fees determined in the agreement;

4. The damaged fixed assets shall be accounted for according to the market value of similar fixed assets or according to the relevant certificates provided, and the relevant expenses incurred when accepting fixed assets shall be recorded in the value of fixed assets;

5. Fixed assets with surplus are accounted for according to replacement value; Fixed assets that have been put into use but have not been handed over can be recorded according to the estimated value first, and adjusted after the actual cost is determined.