Main accounting treatment of fixed assets liquidation
(1) The enterprise disposes of fixed assets due to sale, transfer, scrapping and damage, foreign investment, financial leasing, exchange of non-monetary assets, debt restructuring, etc. , according to the book value of fixed assets should be debited to this account.
Debit the "accumulated depreciation" account according to the accrued accumulated depreciation, and debit the "fixed assets impairment reserve" account with the impairment reserve, and credit the "fixed assets" account according to its book balance.
(2) Other expenses incurred in the process of cleaning up and related taxes and fees payable shall be debited to this account and credited to such subjects as "bank deposit" and "taxes payable-business tax payable".
Recover the selling price, residual value and incomings of fixed assets, debit "bank deposits", "raw materials" and other subjects, and credit this account. Losses that should be compensated by the insurance company or the negligent person shall be debited to other receivables and credited to this account.
(3) After the fixed assets are cleared, if the debit balance of the undergraduate course belongs to the preparation period, the subject of "management expenses" shall be debited and credited to the subject; It belongs to the loss caused by abnormal reasons such as natural disasters in the process of production and operation.
Debit "non-operating expenses-very loss" and credit this account; If losses are normally handled during production and operation, the account of "non-operating expenses: disposal of losses of non-current assets" shall be debited and credited to this account.
Extended data:
Inventory surplus and inventory deficit of fixed assets
1, after the implementation of the new standard, the accounting of fixed assets inventory surplus has changed. The inventory surplus of fixed assets in the old standards is usually included in the subject of "loss and surplus of pending property-loss and surplus of pending fixed assets" before the resale is approved, and then transferred from this subject to the subject of "non-operating income" after the resale is approved.
According to the new standard, the inventory surplus of fixed assets should be recorded as a previous error in the "previous annual profit and loss adjustment" subject. But as an accounting error in the previous period.
According to the Accounting Standards for Business Enterprises (2006), pre-period errors refer to the omission or misstatement of pre-period financial statements due to the lack or misuse of the following two types of information: reliable information expected to be obtained and considered when preparing pre-period financial statements; Reliable information that can be obtained when previous financial reports are approved.
Early mistakes usually include calculation errors, accounting policy application errors, negligence or misinterpretation of facts, the influence of fraud, and inventory and fixed assets surplus.
When an enterprise makes an inventory of fixed assets, it shall first determine the original value, accumulated depreciation and net value of fixed assets. According to the original value of fixed assets, debit "fixed assets" and credit "accumulated depreciation", and credit the difference between them to "profit and loss adjustment of previous years"; Secondly, calculate the income tax payable and credit "tax payable-income tax payable".
Then make up the surplus reserve and credit the "surplus reserve"; Finally, adjust the profit distribution, debit "previous year's profit and loss adjustment" and credit "profit distribution-undistributed profit".
2. Inventory deficit of fixed assets
Losses caused by inventory losses of fixed assets are included in the current profits and losses. Enterprises in property inspection inventory losses of fixed assets, according to the book value of inventory losses of fixed assets, debit "pending property losses and surplus-pending fixed assets losses and surplus" subjects.
Debit the "accumulated depreciation" account according to the accrued accumulated depreciation, debit the "fixed assets impairment reserve" account according to the accrued impairment reserve, and credit the "fixed assets" account according to the original price of the fixed assets.
When the report is approved according to the management authority, the account of "other receivables" shall be debited according to the recoverable insurance compensation or negligence compensation, and the account of "non-operating expenses-loss of inventory" shall be debited according to the amount that should be included in the non-operating expenses, and the account of "loss and overflow of pending property" shall be credited.
Baidu Encyclopedia-Fixed Assets Clearing