Calculation of the average annual cost of fixed assets formula. How to calculate the average annual cost of fixed assets
When calculating property tax, use the following algorithm:
- determine what property needs to be taxed;
- check if the benefits can be applied;
- determine the base for calculating the tax;
- find out at what rates to calculate tax;
- calculate the amount of tax payable to the budget.
What to tax on property
As a general rule Russian organizations pay tax on property, which is reflected in accounting as part of fixed assets. These can be those objects that belong to the organization on the basis of property rights, and those that are received for temporary possession, use, disposal, as well as in trust management or joint activities. For example, the tax on leased property is usually paid by the one on whose balance sheet it is recorded. And this can be both the lessor and the lessee.
A special procedure is provided only for real estate objects, the tax base for which is the cadastral value. Firstly, property tax must be paid on residential buildings, even if these objects are not reflected in fixed assets in accounting. And secondly, if the "cadastral" objects are not transferred to trust or concession, only their owners or organizations that own this property on the basis of the right of economic management should pay property tax for them.
All this follows from the provisions of paragraph 1 of Article 374, subparagraph 3 of paragraph 12 of Article 378.2 Tax Code RF.
The objects from which you have to pay tax include both movable and real estate... True, with certain reservations.
There are two categories of fixed assets that you do not need to pay tax on.
The first Is a privileged property. You can use the reference tables to help you figure out what benefits you can use federal benefits (they are valid for everyone) and regional(for objects in separate territories).
Second category Is property that not recognized as an object of taxation ... For example, these are fixed assets included in the first or second depreciation group according to the Classification approved by Decree of the Government of the Russian Federation of January 1, 2002 No. 1. The complete list is in paragraph 4 of Article 374 of the Tax Code of the Russian Federation.
Exclude preferential property from the calculation of the tax base, but in declarations or calculating advance payments it still needs to be specified. First, include the cost of the privileged property in column 3 of section 2 of the declaration, and then reflect it separately in column 4 of section 2. Property that is not recognized as an object of taxation (specified in subparagraphs 1-8, paragraph 4 of article 374 of the Tax Code of the Russian Federation), in columns 3 and 4 do not need to be reflected. However, fixed assets included in the first or second depreciation group according to the Classification approved by Decree of the Government of the Russian Federation of January 1, 2002 No. 1 must be reflected on line 210 of section 2 of the calculation of advance payments and on line 270 of section 2 of the declaration.
Composition of objects of taxation for foreign organizations with a permanent establishment in Russia is similar to that provided for Russian organizations. They are required to keep records of fixed assets in accordance with the rules of Russian accounting, that is, in accordance with PBU 6/01. This procedure is established by paragraph 2 of Article 374 of the Tax Code of the Russian Federation.
Foreign organizations that do not have a permanent establishment in Russia are taxed only on real estate that is located in Russia (clause 3 of article 374 of the Tax Code of the Russian Federation).
The tax base
The basis for calculating property tax should be determined separately for the following property:
- located at the head office Russian organization or a permanent establishment of a foreign;
- of each a separate subdivision with a separate balance sheet;
- outside the location of the organization (separately for each object);
- part of Unified system gas supply;
- tax which is calculated based on cadastral value;
- taxable for different tax rates;
- involved in the framework of a simple or investment partnership agreement;
- transferred into trust or acquired under such an agreement;
- when executing concession agreements.
This follows from the provisions of paragraph 1 of Article 376, Articles 377, 378, 378.1 and 378.2 of the Tax Code of the Russian Federation.
A special procedure for determining the tax base applies to real estate objects located on the territory of several constituent entities of the Russian Federation (pipelines, power grids, railways, etc.). In this case, determine the tax base separately. That is, the share of the tax base that belongs to a particular region should be calculated in proportion to the part of the cost of an object located in the corresponding region. This is stated in paragraph 2 of Article 376 of the Tax Code of the Russian Federation.
Some features have the procedure for determining the tax base by organizations on the balance sheet of which there are objects transport infrastructure... They have the right to reduce the property tax base by the cost of completed capital investments in construction, modernization and reconstruction:
- navigable hydraulic structures located on the inland waterways of Russia. For example, locks, ship lifts;
- port hydraulic structures. For example, breakwaters, piers, piers, etc .;
- air transport infrastructure facilities, with the exception of centralized aircraft refueling systems and the cosmodrome. For example, facilities and equipment at airports.
When calculating property tax, the listed types of capital investments are not taken into account, which are included in the book value of the named objects or accounted for as fixed assets starting from January 1, 2010. At the same time, the period of commissioning of the object itself, which underwent reconstruction or modernization - before or after January 1, 2010, does not matter.
This follows from the provisions of paragraph 6 of Article 376 of the Tax Code of the Russian Federation and letters of the Ministry of Finance of Russia dated June 25, 2013 No. 03-05-05-01 / 23974 and the Federal Tax Service of Russia dated June 24, 2011 No. ZN-4-11 / 10123.
When determining the composition of transport infrastructure facilities, capital investments in which reduce the tax base, be guided by industry regulations... For instance:
- in relation to air transport - by the Air Code of the Russian Federation, by the Law of January 8, 1998 No. 10-FZ;
- in relation to hydraulic structures - laws of July 21, 1997 No. 117-FZ and of November 8, 2007 No. 261-FZ.
Such clarifications are contained in the letter of the Ministry of Finance of Russia dated October 25, 2011 No. 03-05-04-01 / 37.
How to calculate the tax base
The tax base for property tax can be:
1) cadastral value - for calculating tax for the following objects:
- administrative and business and trade centers or complexes, and separate rooms in them. Buildings that are intended (actually used) for the simultaneous placement of offices, trade facilities, catering and consumer services are equated to them (clause 4.1 of article 378.2 of the Tax Code of the Russian Federation);
- non-residential premises which according to technical documentation are intended for the placement of offices, retail facilities, catering or consumer services, as well as premises that are actually used for these purposes. That is, when the listed objects occupy at least 20 percent total area premises;
- any real estate objects of foreign organizations that do not have permanent missions in Russia;
- any real estate objects of foreign organizations that are not used in the activities of permanent missions in Russia;
- residential buildings or premises (including those that are not accounted for on the balance sheet as fixed assets);
2) the average annual property value (when calculating advance payments, the average property value for the first quarter, six months or nine months is used) - for calculating the tax for all other objects.
The decision on the calculation of property tax based on the cadastral value of real estate is taken by the authorities of the constituent entities of the Russian Federation and formalized by laws. For this, the results are preliminarily approved cadastral valuation real estate - without this, the regional authorities are not entitled to adopt laws. Moreover, they must in advance approve and publish lists of specific real estate objects, indicating their cadastral numbers and addresses at which the tax must be determined based on the cadastral value. If by the beginning of the next tax period a complete set of regional documents has not been prepared, it is necessary to calculate the property tax in this period based on the average annual (average) value of the property. However, after the entry into force of the new procedure, a return to the previous rules for determining the tax base will be impossible.
Such rules are established by Articles 375 and 378.2 of the Tax Code of the Russian Federation. Similar clarifications are contained in the letters of the Ministry of Finance of Russia dated November 29, 2013 No. 03-05-07-08 / 51796 and the Federal Tax Service of Russia dated October 31, 2013 No. BS-4-11 / 19535.
Find out in which regions it operates (planned for introduction) new order and what property it applies to will help table.
Average (average annual) property value
When calculating the average property value for reporting period apply the formula:
Average property value for the reporting period |
= |
Residual value of property at the beginning of the reporting period |
+ |
Residual value of property at the beginning of each month within the reporting period |
+ |
Residual value of property at the beginning of the first month following the reporting period |
: |
Number of months in the reporting period |
+ |
1 |
When calculating the average annual property value for the tax period, use the formula:
Determine the residual value of the property by the formula:
Determine the residual value of the property according to the accounting data.
In determining residual value fixed assets at the end of the year, take into account the transactions that affect the formation of this indicator and are reflected in accounting during December 31. From the residual value, exclude the amounts of estimated liabilities for the liquidation of fixed assets and the restoration of the environment (if, when the object was registered, such costs were included in the initial cost).
Such rules are established by paragraph 3 of Article 375 and paragraph 4 of Article 376 of the Tax Code of the Russian Federation and are explained in the letter of the Ministry of Finance of Russia dated July 14, 2010 No. 03-05-05-01 / 26.
An example of determining the average (average annual) property value for calculating property tax. The organization operates for a full calendar year
According to the accounting data, the residual value of fixed assets recognized as objects of taxation on property for LLC Alpha is:
- as of January 1 - 6,000,000 rubles;
- as of February 1 - 5,950,000 rubles;
- as of March 1 - 5,800,000 rubles;
- on April 1 - 5,750,000 rubles;
- as of May 1 - 5,700,000 rubles;
- as of June 1 - 5,650,000 rubles;
- on July 1 - 5,500,000 rubles;
- as of August 1 - 5,450,000 rubles;
- on September 1 - 5,400,000 rubles;
- as of October 1 - 5,350,000 rubles;
- as of November 1 - 5,200,000 rubles;
- as of December 1 - 5,150,000 rubles;
- as of December 31 - (including transactions recorded in accounting during December 31) - 5,100,000 rubles.
The average cost of property for the 1st quarter is equal to:
(RUB 6,000,000 + RUB 5,950,000 + RUB 5,800,000 + RUB 5,750,000): (3 + 1) = RUB 5,875,000
The average property value for the first half of the year was:
(RUB 6,000,000 + RUB 5,950,000 + RUB 5,800,000 + RUB 5,750,000 + RUB 5,700,000 + RUB 5,650,000 + RUB 5500,000): (6 + 1) = 5 RUB 764,285
The average property value for nine months was:
(RUB 6,000,000 + RUB 5,950,000 + RUB 5,800,000 + RUB 5,750,000 + RUB 5,700,000 + RUB 5,650,000 + RUB 5,500,000 + RUB 5,450,000 + 5 400,000 rubles + 5,350,000 rubles): (9 + 1) = 5,655,000 rubles.
(RUB 6,000,000 + RUB 5,950,000 + RUB 5,800,000 + RUB 5,750,000 + RUB 5,700,000 + RUB 5,650,000 + RUB 5,500,000 + RUB 5,450,000 + 5 400,000 rubles + 5,350,000 rubles + 5,200,000 rubles + 5,150,000 rubles + 5,100,000 rubles): (12 + 1) = 5,538,462 rubles.
Situation: Do differences in the value of fixed assets according to accounting data and the data of an independent appraiser affect the determination of the tax base for property tax? The organization carried out an expert assessment of its property to obtain a bank loan.
No, they do not.
The organization is not obliged to reflect the results in accounting. independent evaluation their property. This will only have to be done if an independent appraiser has been hired to revalue the property. When the revaluation decision is enshrined in accounting policies... If such a decision is not made, the results of the assessment will not affect the calculation of the property tax in any way.
If the organization revaluates all fixed assets or a separate group of them with the involvement of an independent appraiser, then property tax will need to be calculated based on the residual value of fixed assets, taking into account revaluations.
In all other cases, the score independent expert property will not be affected by the accounting.
This follows from clause 15 of PBU 6/01 and clause 3 of article 375 of the Tax Code of the Russian Federation.
Situation: from when for the calculation of property tax is it necessary to increase the initial value of the fixed asset (building) after its reconstruction?
Consider the increased initial cost of the object from the 1st day of the month following the completion of the reconstruction.
The initial cost of fixed assets for calculating property tax must be determined according to the accounting rules, in which initial cost the reconstructed fixed asset is increased after the completion of the reconstruction. Thus, the results of the reconstruction will affect the average annual value of the property from the 1st day of the month following the end of the reconstruction.
This conclusion follows from paragraph 3 of Article 375, paragraph 4 of Article 376 of the Tax Code of the Russian Federation and paragraph 42 of the Methodological Instructions approved by order of the Ministry of Finance of Russia dated October 13, 2003 No. 91Н.
An example of calculating property tax during the reconstruction of a building
Alpha LLC owns a production building. Its initial cost is 15,000,000 rubles. Term useful use- 18 years (216 months, seventh depreciation group). The tax on this building is paid based on the average (average annual) cost. In both accounting and tax accounting, property in "Alpha" is depreciated in a linear fashion, the depreciation bonus is not applied. In the region where Alpha is registered and the building is located, the property tax rate is set at 2.2 percent.
Monthly depreciation rate for the building:
0.46296% (1: 216 months × 100)
Monthly depreciation is:
RUB 69,444 (RUB 15,000,000 × 0.46296%)
The building was in operation for eight years, until March of this year. That is, March was the 97th month of operation. It was decided to carry out reconstruction in it. In April, the building was put into operation after reconstruction. Its useful life has not changed, but the initial cost was increased to 16,000,000 rubles. That is, the cost of reconstruction amounted to 1,000,000 rubles.
The amortization of the building continued in April. The total service life at the beginning of May was 98 months.
Starting in May, the building is depreciated taking into account changes in historical cost. Therefore, the monthly depreciation rate is:
0.84746% (1: 118 months × 100)
To calculate the monthly depreciation, the accountant determined the residual value of the building at the beginning of May (taking into account the cost of reconstruction and less depreciation charged in April at the previous rate):
RUB 9,194,488 ((RUB 15,000,000 + RUB 1,000,000) - 98 months × RUB 69,444)
Based on these data, the accountant determined monthly amount depreciation, which will reduce the cost of the renovated building from May:
RUB 77,920 (0.84746% × 9 194 488 rubles.)
To calculate the advance payments for the first quarter and for the six months, the accountant calculated the average cost. For this, the residual value of the property was determined at the beginning of the year, at the beginning of each month within the reporting period and at the beginning of the month immediately following it.
The advance payment for the six months was: RUB 47 789 (RUB 8 688 865 × 2.2%: 4) Situation: from what moment for the calculation of property tax it is necessary to take into account the objects included in the composition of fixed assets (profitable investments in material values) 1st of the current month? Such objects should be included in the calculation of the average property value starting from the next month. The fact is that when determining the average value of property for calculating property tax for the reporting period, the indicators of the residual value of fixed assets are taken into account for the 1st day of each of four months - three reporting periods and another one following it. These data are formed in the manner established for accounting and reporting. This is provided for in paragraph 3 of Article 375 and paragraph 4 of Article 376 of the Tax Code of the Russian Federation. According to this order, you need to take into account information about those business transactions that were held before 00 hours 00 minutes of the indicated dates. That is, at the beginning of the day, excluding transactions that took place during it. Therefore, for example, if fixed assets are capitalized on March 1, when calculating the average property value, information about them is taken into account as of April 1. All this follows from clause 12 of PBU 4/99. Similar clarifications are contained in the letter of the Ministry of Finance of Russia dated December 16, 2011 No. 03-05-05-01 / 97. Situation: by how many months should the residual value of fixed assets be divided when calculating property tax? The organization was created (liquidated) in the middle of the year. Divide the average annual residual value of the property by 13 months. The procedure for determining the average annual value of fixed assets for calculating property tax does not depend on the time of creation or liquidation of the organization. Therefore, apply general rule: the amount of the residual value of the property at the beginning, each month and at the end of the year is divided by 12 months plus one more. This procedure is established by paragraph 4 of Article 376 of the Tax Code of the Russian Federation. There is one exception to this rule. It is made for organizations created in the period from December 1 to December 31. The first tax period for property tax for them will only be the next calendar year. This is explained by the fact that the amount of tax for the year is calculated on the basis of the average annual value of the property, and not from the average for the actual period of the organization's activity. The possibility of calculating property tax for the period from December 1 of the year of the organization's creation to December 31 of the next year is not provided for by Chapter 30 of the Tax Code of the Russian Federation. The property tax declaration form also does not allow you to fill it out 13 months in advance. Such clarifications are in the letter of the Ministry of Finance of Russia dated December 30, 2004 No. 03-06-01-02 / 26. The same procedure applies when a reorganization occurs in the middle of the year. This is indicated in the letter of the Ministry of Finance of Russia dated February 24, 2012 No. 07-02-06 / 28. An example of determining the average annual value of fixed assets for calculating property tax. The organization operates for an incomplete calendar year Alpha LLC was established on July 10. According to accounting data, the residual value of fixed assets recognized as objects of property tax is equal to:
The average property value over nine months is: Average annual cost property for the year amounted to: |
We talked about what the average value of assets is in. And what is meant by the full book value of fixed assets and how to calculate its average annual value, we will tell in this material.
The full book value of fixed assets is ...
In the legislation governing the accounting procedure in the Russian Federation, the term “full book value of fixed assets” is absent.
This concept is given in the instructions for completing individual forms. statistical reporting... For example, in the Instructions, approved. Rosstat order No. 289 dated June 15, 2016 notes that the full book value of fixed assets is their initial cost, changed during the revaluations, as well as as a result of completion, modernization, retrofitting, reconstruction and partial liquidation of fixed assets.
At the same time, fixed assets often include not only fixed assets, but also intangible assets... Therefore, from the point of view of the inclusion of certain objects in the composition of fixed assets, it is necessary to be guided by the instructions for filling out a specific form of statistical reporting or management accounting policies if the indicator of fixed assets is used for other purposes.
Calculation of the average annual full book value of fixed assets
For the average full book value of fixed assets, the calculation of the average annual indicator can be made on the basis of clause 24 of the Instructions, approved. By order of Rosstat dated November 24, 2015 No. 563.
PUSOF SG = ((PUSOF 01.01 + PUSOF 31.12) / 2 + PUSOF 01.02 + PUSOF 01.03 +… + PUSOF 01.12) / 12
where PUSOF 01.01, PUSOF 01.02,…, PUSOF 31.12 is the full book value of fixed assets as of 01.01, 01.02… 31.12 of the reporting year, respectively.
How to calculate the average annual carrying value of fixed assets
For the internal purposes of the organization, not related to the preparation of statistical reporting, it may be necessary to determine the average annual accounting value of fixed assets. What objects will be included in the composition of fixed assets in this case, the organization already determines itself, taking into account the purposes of the calculation this indicator.
For the average annual book value of fixed assets, only two indicators can be used in the calculation formula: the cost at the beginning and end of the year:
USOF SG = (USOF NG + USOF KG) / 2,where USOF SG is the average annual accounting value of fixed assets;
USOF NG - the book value of fixed assets at the beginning of the year;
USOF KG - the book value of fixed assets at the end of the year.
Of course, this is not the only option for calculating the average annual book value of fixed assets. The calculation can use the sum of the accounting values, for example, at the beginning of each month of the reporting year, which will be divided by 12 (number of months), as well as other approaches.
Average annual cost of fixed assets is the sum of the value of fixed assets at the beginning and end of the period, divided by 2.
Average annual cost of fixed assets formula
Average annual cost of fixed assets = (Fixed production assets at the beginning of the period + Fixed production assets at the end of the period) / 2
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Average annual full book value of fixed assets (OF) – an indicator, the value of which must be calculated when compiling statistical form No. 11 on the presence and dynamics of fixed assets in the company. This document is filled out based on the results of the company's activities for the year and requires high-quality and reliable information about the available non-current assets, their potential, condition and use. On the basis of the information provided by the Rosstat authorities, important analytical work is carried out in order to identify the company's reserves and increase the productivity of the use of property. We learn how to determine the average annual book value of fixed assets from this publication.
Average annual full book value of fixed assets: formula
Since the full book value of fixed assets is the most reliable indicator showing the value of the assets used in the company, it should be calculated taking into account all the changes that have occurred during the year. The calculation formula is the sum of the residual values at the beginning of each month and 1/2 of the book values at the beginning and end of the year, divided by 12. It looks like this:
CO ps = (½ О ng + О 2 + О 3 + О 4 + О 5 + О 6 + О 7 + О 8 + О 9 + О 10 + О 11 + О 12 + ½О kg) / 12, where
- SO ps - the average annual book value of fixed assets,
- ½ О ng and ½О kg - half of the accounting (residual) value of fixed assets at the beginning and end of the year;
- О 2 + О 3… +…. О 11 + О 12 - the cost of fixed assets at the beginning of each month throughout the year.
Average annual gross book value of fixed assets: example
Consider how to find the average annual book value of fixed assets , based on 2016 accounting data:
Balance as of date |
Amount tr. |
Substituting the initial values into the formula, we get:
- CO ps = ((½ x 100 + 98 + 97 + 92 + 99 + 102 + 100 + 101 + 109 + 121 +122 +118) + (½ x 120) / 12 = 105.75 (tr.)
The average annual book value of fixed assets, the calculation formula of which was applied, amounted to 105.75 thousand rubles. The resulting value seems to most accurately reflect the value of the property involved in the company's production process.
Having understood how to calculate the average annual book value of fixed assets, let us compare the obtained value with the calculation of the average cost of fixed assets for the year, which is used for analytical actions and the calculation of coefficients that determine the financial stability of the company. Based on the initial data of the above example, the average annual cost of fixed assets will be:
- С с = (О ng + О kg) / 2 = (100 + 120) / 2 = 110 tr.
Comparing the obtained average results, you can notice a very significant difference between them. It is in order to minimize the error and bring the result closer to more reliable data that Rosstat requires to calculate the average annual full book value of fixed assets according to the specified formula, suggesting detailed instructions on the preparation of form No. 11, approved by order No. 15 of January 15, 2013.
Calculation of the average annual full book value of fixed assets: features of the calculated indicators
The calculated average annual total book value of fixed assets is usually in the range between the initial and final values of the value of fixed assets. This is considered normal. But there are also exceptions. For example, in case of large receipts and disposals of assets, the values of the opening and closing balances will be as close as possible. Moreover, if massive receipts occurred in the first half of the year, and disposals at the end, then the average full book value of fixed assets (calculation No. 1 is attached) may exceed the value of assets at the beginning or end of the year. And, on the contrary, with significant retirements of fixed assets at the beginning of the year and receipts at the end, the value of the average annual cost may be lower than the balance of fixed assets at the beginning or at the end of the period (calculation No. 2).
Initial data:
Balance on |
Amount tr. |
|
for example # 1 |
for example # 2 |
|
Let's calculate the indicator according to the data for example No. 1:
SO ps = ((½ x 100) + 70 + 65 + 71 + 60 + 80+ 80 + 85 + 100 + 110 +112 +118) + ½ x 120) / 12 = 88.42 (tr.) - the average annual cost is lower than the values at the beginning and end of the year (88.42 ‹100; 88.42‹ 120)
Example # 2:
CO ps = ((½ x 100 + 120 + 134 + 130 + 123 + 130+ 82 + 76 + 65 + 68 +69 +80) + ½ x 110) / 12 = 118.2 (tr.). The calculated value exceeds the actual cost of fixed assets (118.2> 100; 118.2> 110)
Note that if the average values of fixed assets fluctuate outside the aforementioned interval, the company should provide explanations in the appendix to statistical form No. 11 sent to the Rosstat management.
The procedure for the accounting process of fixed assets is regulated by various legal acts.
The most significant documents here include:
- PBU 6/01 "Accounting for fixed assets" dated March 30, 2001, No. 26n;
- Methodical instructions for accounting fixed assets dated 13.10.2003, No. 91n.
On data regulations you should also rely on the calculation of the average annual cost. The explanation for this is that, in addition to the accounting purposes for fixed assets, conditions, the one-time observance of which is mandatory for the recognition of assets as such in the accounting process, etc., the procedure for the formation of their value is regulated.
In turn, the value formed according to the rules set out in these documents will subsequently be used to calculate the average annual value of these assets.
The calculation of the average annual value for the purpose of calculating property tax is based on a legal framework consisting of:
- Item 4, Art. 376 of the 2nd part of the Tax Code of the Russian Federation dated 05.08.2000, No. 117-FZ;
- Letters of the Ministry of Finance of the Russian Federation of 07/15/2011. N 03-05-05-01 / 55.
Purpose of accounting for fixed assets
In accordance with clause 6 of the Methodological Guidelines, OS accounting pursues such goals as:
- accumulation of actually incurred costs associated with their acceptance to the accounting process;
- correct documenting and reflected in deadlines operations on their movement;
- determination of reliable results received from their sale and other disposal;
- calculation of actual costs incurred related to their content;
- ensuring proper control over the safety of assets taken to the accounting process;
- analysis of the effectiveness of their use;
- obtaining information about the OS required for disclosure in the reporting.
Fixed asset value types
In accordance with the above legal acts, fixed assets have three types of value:
- Initial.
- Recovery.
- Residual.
The initial one is formed at the moment when the OS is registered.
The procedure for its formation is set out in cl. 8-11 PBU 6/01 and depends on the way the organization receives this type of assets:
- When buying or creating on your own, this is the amount of costs actually incurred by the organization associated with buying or creating. It should be noted that paid VAT and other refundable taxes are not taken into account.
- Upon receipt as a contribution to authorized capital organization- this is the valuation of an asset in cash, agreed between the founders of the organization.
- Upon receipt of the gift- it market price an asset that is current at the date of acceptance for accounting.
- Upon receipt under barter agreements Is the value of the transferred values.
Changing the initial cost estimate is possible only in certain cases:
- with a radical change in the OS. If their completion, additional equipment, reconstruction, modernization, partial liquidation has been carried out;
- when re-evaluating the OS.
This list is comprehensive.
The replacement cost is formed:
- as a result of the restoration of property, implying a change in its original cost estimate;
- as a result of revaluation or depreciation of property.
Residual value is the original (replacement) cost less depreciation.
Methods for calculating the average annual cost
Without taking into account the month of input-output of fixed assets (formula)
If special accuracy is not required, then the average annual cost can be determined by the formula:
C-st (cf) = (C-st (n.g) + C-st (c.g)) / 2,
where C-st (n.g), C-st (c.g) - the cost of fixed assets, respectively, on January 1 and December 31 of the year for which the calculation is carried out.
C-st (c.g) = C-st (n.g) + C-st (introduced) - C-st (selected),
where C-st (entered), C-st (selected) - the cost of fixed assets, respectively, entered and written off during the year.
In all the above calculations, the book (residual) value of the asset should be used.
Taking into account the month of input-output of fixed assets (formula)
The most common formula used in calculating the indicators of the use of fixed assets (capital productivity, capital intensity, etc.):
C-st (cf) = C-st (n.g) + M 1/12 × C-st (introduced) - M 2/12 × C-st (selected),
where M 1 and M 2 are the number full months, passed from the date of commissioning and writing off of fixed assets to the end of the year, respectively.
Average chronological formula:
C-st (cf) = [(C-st (1n.m) + C-st (1k.m)) / 2 + (C-st (2n.m) + C-st (2n.m)) / 2 ... + (C-st (Nn.m) + C-st (Nk.m)) / 2] / 12,
where C-st (1n.m), C-st (2n.m), ... C-st (Nn.m) - the cost of OS at the beginning of the 1st, 2nd, Nth month, respectively;
C-st (1 sq.m), C-st (2 sq.m), ... C-st (N sq.m) - the cost of OS at the end of the 1st, 2nd, Nth month, respectively.
The formula used to calculate the average annual cost for calculating the property tax of organizations:
C-st (cf) = (C-st (n1) + C-st (n2) + ... + C-st (nn) + C-st (k)) / 13,
where C-st (n1), C-st (n2) ... C-st (nn) is the residual value of the asset on the 1st day, respectively, of the 1st, 2nd ... nth month of the tax period;
S-st (k) - residual value of fixed assets as of the last date of the tax period (as of December 31 of the year for which the tax is considered);
13 is a number obtained by adding a unit to 12 months of the tax period.
When calculating advance payments for 3, 6 and 9 months, the denominator of the calculation formula will be obtained by summing the unit with 3, 6 and 9 months, respectively.
The calculation of the residual value of fixed assets according to this formula does not include the value of assets, the tax base in respect of which, is determined as their cadastral value.
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