How to write off the main means

Every organization has a balance of major funds. They represent tangible assets that are repeatedly involved in the production process. The period of use of fixed assets exceeds 1 year. They transfer their value to the manufactured products gradually in the form of depreciation. Depreciation of fixed assets can occur both in the case of full physical or mental deterioration, and in the case of incomplete depreciation, and also in the occurrence of natural disasters or emergencies.

Instruction

1. The main document confirming the write-off of fixed assets, is the act on writing off of fixed assets (form number OS-4). It is made in two copies. The first instance is passed to the accounting Department, where on its base there will be further accounting, the second person with whom a contract of liability. On the basis of the act on write-off in accounting is marked in an inventory card of the cancellation of the eliminated object.
2. When the write-down of fully depreciated fixed assets the act for the cancellation will be the main supporting document as unamortized (residual) value of the property will be reflected as taxable profit organization. Income and expenses from the write-off of fixed assets are credited to non-operating income and expense in the period in which they were received.
3. In accounting when writing off fixed assets that are accrued depreciation, made the following transactions:* Debit 01 sub: disposal of fixed assets - Credit 01 "fixed assets - is taken into account the initial cost of retiring of the facility;
   * Debit 02 Credit 01 sub: disposal of fixed assets - debited the amount of accrued depreciation;
   * The subaccount debit 91 2 "miscellaneous costs - Loan 01 sub: disposal of fixed assets - written off the residual value of the material object;
   *The debit 91 2 sub-account "other costs: Loan 70 (68,69) - reflects the costs associated with the liquidation of the asset.
4. If after deducting the property remain spare parts, which can be used in the future, or the parts that are not suitable for use in the future, but can be implemented as scrap, it is posting: the Debit 10 -Credit 91 subaccount 1 "other incomes . These material values are reflected in the accounting records at market value.
5. Income and expenses from the write-off of fixed assets are credited to non-operating income and expense in the period in which they were received. Non-operating expenses reducing taxable profit, which in this case include the costs related dismantling equipment, dismantling, removal of property and the depreciation amounts that were not accrued. These costs should be confirmed by reasonable documentation.
6. As non-operating income while depreciation of fixed assets are cost of materials, spare parts, received in the process of dismantling of the property. They are not included in taxable income.