What are the conditions for identifying a tangible fixed asset? How to calculate the original price of tangible fixed assets ? Please refer to the detailed information in the following article of MISA MeInvoice .
Note: Before learning about how to determine the original price of tangible fixed assets, you can learn about general information about fixed assets in the article see more
See more: [Update] What are fixed assets ? Classification of fixed assets
Table of Contents Hide
1. Conditions for identifying tangible fixed assets
2. How to determine the original price of tangible fixed assets
2.1 Original cost of tangible fixed assets from purchase
2.2 Original cost of tangible fixed assets purchased in the form of exchange
2.3 Original cost of self-constructed or self-produced tangible fixed assets
2.4 Original cost of tangible fixed assets due to construction investment
2.5 Original cost of tangible fixed assets sponsored, donated, given, or discovered to be surplus
2.6 Original cost of tangible fixed assets granted; transferred to
2.7 Original cost of tangible fixed assets received as capital contribution and received back as capital contribution
Conclusion
1. Conditions for identifying tangible fixed assets
conditions for determining tangible fixed assets
Clause 1, Article 3 of Circular 45/2013/TT-BTC of the Ministry of Finance stipulates 3 criteria for identifying tangible fixed assets as follows:
– Assets that are certain to bring economic benefits to the business in the future.
– Assets with a useful life of over 1 year.
– The original cost of the asset must be reliably determined and have a value of 30,000,000 or more.
Note: Tangible assets that do not satisfy the japan telegram data above three criteria are considered tools and equipment.
2. How to determine the original price of tangible fixed assets
Cases of determining the original price of tangible fixed assets include: purchase; exchange; self-construction or self-production; construction investment; sponsored, donated, presented, discovered in
surplus granted or transferred received capital contribution.
2.1 Original cost of tangible fixed assets especially when it comes from purchase
Original cost of tangible fixed assets = Purchase price + Taxes (excluding refundable taxes) + Related costs
In there:
Purchase price: the actual price paid to purchase bw lists the asset. In the case of tangible fixed assets purchased on deferred payment or installments, the purchase price is the price of the asset purchased in cash at the time of purchase, excluding interest on deferred payment.
Related costs: costs incurred to put the asset into use such as: transportation and unloading costs; loan interest incurred during the investment process of purchasing fixed assets; upgrading costs; installation and testing costs; registration fees; etc.
Note:
– For tangible fixed assets such as houses and
structures attached to land use rights, the value of land use rights must be determined separately and recorded as intangible fixed assets if they meet the criteria of “Having adequate technical, financial and other resources to complete the stages of implementation, sale or use of such intangible assets”.
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2.2 Original cost of tangible fixed assets purchased in the form of exchange
The original cost of a fixed asset purchased in the form of exchanging dissimilar fixed assets or other assets is equal to (=) the fair value of the tangible fixed asset received or the fair value of the asset exchanged, plus (+) additional payments or minus (-) receipts, plus (+) taxes (excluding refundable taxes), plus (+) related costs to put the asset into a state ready for use.
