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Accounting treatment of fixed assets liquidation in public institutions

The fixed assets of public institutions belong to non-current assets, which can be used for a long time and maintain the original physical form. In order to reflect the situation of purchase, provision and disposal, it is necessary to set up subjects such as fixed assets of public institutions for accounting treatment.

Disposal method of fixed assets

The disposal of fixed assets includes the sale of fixed assets, free transfer, foreign donation, inventory loss, scrapping and damage.

When fixed assets are transferred to assets to be disposed of, institutions shall transfer the book balance and related accumulated depreciation to the subject of "loss and surplus of assets to be disposed of". When the actual report approves the disposal, the fund balance of relevant non-current assets will be transferred to the subject of "loss and surplus of assets to be disposed of". The income and related expenses incurred in the process of disposal shall be accounted for by the subject of "loss and surplus of assets to be disposed of", and the net income from disposal shall be treated according to the relevant provisions of the state.

depreciation of fixed assets

Depreciation of fixed assets shall be accrued on a monthly basis, and the account of "non-current assets fund-fixed assets" shall be debited according to the actual accrued amount, and the account of "accumulated depreciation" shall be credited.

Contents of fixed assets settlement account

Fixed assets liquidation is an asset account, which is used to calculate the net value of fixed assets transferred to liquidation due to sales, scrapping, damage and other reasons, as well as liquidation expenses and liquidation income incurred in the liquidation process. Debit the net value of fixed assets transferred to liquidation, expenses incurred during liquidation and net income transferred to "non-operating expenses" after liquidation; The lender shall register and recover the selling price of fixed assets, the value of scrapped materials, the incomings from incomings and the amount of net losses transferred to the "non-operating income" after liquidation. Its credit balance represents the net income after liquidation; Debit balance refers to the net loss after liquidation, and the credit or debit balance after liquidation should be transferred to the subject of "non-operating income" or "non-operating expenditure".