16. Machinery, equipment for telecommunications, information, electronics, informatics and television
3 | 15 | |
17. Pharmaceutical manufacturing machinery and equipment | 6 | 10 |
18. Other machinery and equipment | 5 | 12 |
C- Measuring and experimental tools | ||
1. Equipment for measuring and testing mechanical, acoustic and thermal quantities | 5 | 10 |
2. Optical and spectroscopy equipment | 6 | 10 |
3. Electrical and electronic equipment | 5 | 8 |
4. Physical and chemical measuring and analysis equipment | 6 | 10 |
5. Radiation measuring equipment and instruments | 6 | 10 |
6. Specialized equipment | 5 | 8 |
7. Other measuring and testing equipment | 6 | 10 |
8. Molds used in the casting industry | 2 | 5 |
D- Equipment and means of transport | ||
1. Road transport | 6 | 10 |
2. Railway transport | 7 | 15 |
3. Water transport | 7 | 15 |
4. Air transport | 8 | 20 |
5. Pipeline transportation equipment | 10 | 30 |
6. Loading and unloading equipment | 6 | 10 |
7. Other equipment and means of transport | 6 | 10 |
E- Management tools | ||
1. Calculating and measuring equipment | 5 | 8 |
2. Machinery, information and electronic equipment and computer software for management | 3 | 8 |
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3. Other management tools and equipment
5 | 10 | |
F- Houses and structures | ||
1. Solid houses (1) | 25 | 50 |
2. Other houses (1) | 6 | 25 |
3. Warehouses, tanks; bridges, roads; parking lots, drying yards... | 5 | 20 |
4. Embankments, dams, culverts, canals, ditches, ports, docks... | 6 | 30 |
5. Other architectural objects | 5 | 10 |
G- Livestock, perennial gardens | ||
1. Animals | 4 | 15 |
2. Industrial gardens, fruit gardens, perennial gardens. | 6 | 40 |
3. Grass carpet, green carpet. | 2 | 8 |
H- Other types of fixed assets not specified in the above groups | 4 | 25 |
Dog note:
(1) Solid houses are houses, offices, hotels...
are determined to have Level I and Level II sustainability. Other houses are houses, offices, offices... are determined to have Level III and Level IV sustainability according to regulations.
regulations of the Ministry of Construction.
Phospho II
Fixed asset depreciation method
(Please refer to Decision No. 206/2003/QD-BTC)
(December 12, 2003 of the Minister of Finance)
I. Straight-line depreciation method:
1. Content of the method :
Fixed assets in the enterprise are depreciated according to the depreciation method.
straight line as follows:
- Based on the provisions in the Regime for management, use and depreciation of fixed assets issued together with Decision No. 206/2003/QD-BTC, enterprises determine the usage time of fixed assets;
- Determine the average annual depreciation rate for fixed assets according to the formula below:
Original cost of fixed assets | ||
annual average of fixed assets | = | Time of use |
- The average monthly depreciation rate is equal to the annual depreciation amount divided by 12 months.
2. In case the usage time or original price of a fixed asset changes, the enterprise must re-determine the average depreciation rate of the fixed asset by dividing the remaining value in the accounting books (:) by the re-determined usage time or the remaining usage time (determined as the difference between the registered usage time minus the estimated usage time) of the fixed asset.
3. The depreciation rate for the final year of the fixed asset's useful life is determined.
Depreciation is the difference between the original price of a fixed asset and the accumulated depreciation incurred up to the year preceding the final year of that fixed asset.
2. Example of calculating and depreciating fixed assets:
For example: Company A buys a fixed asset (100% new) with the invoice price of 119 million VND, purchase discount of 5 million VND, transportation cost of 3 million VND, installation cost of 119 million VND.
Order and test drive is 3 million VND.
1. Knowing that the fixed asset has a technical life of 12 years, the expected usage time of the enterprise's fixed assets is 10 years (in accordance with the provisions in Appendix 1 issued with Decision No. 206/2003/QD-BTC), the asset was put into use on January 1, 2004.
Original price of fixed assets = 119 million - 5 million + 3 million + 3 million = 120 million VND. Average annual depreciation rate = 120 million : 10 years = 12 million VND/year.
Average monthly depreciation rate = 12 million VND: 12 months = 1 million VND/
month
Every year, the enterprise deducts 12 million VND in depreciation costs for that fixed asset into business expenses.
2. After 5 years of use, the business upgraded its fixed assets at a total cost of 30 million.
copper, the re-evaluated usage time is 6 years (1 year more than the original usage time).
initial registration), the completion date for putting into use is 1/1/2009.
Original price of fixed assets = 120 million VND + 30 million VND = 150 million VND Accumulated depreciation = 12 million VND X 5 years = 60 million VND
Remaining value on accounting books = 150 million VND - 60 million VND = 90 million VND
Average annual depreciation rate = 90 million VND: 6 years = 15 million VND/year Average monthly depreciation rate = 15,000,000 VND: 12 months = 1,250,000
copper/letter
From 2009 onwards, businesses deduct depreciation into business expenses each month.
1,250,000 VND for newly upgraded fixed assets.
3. Determine the depreciation rate for fixed assets put into use before January 1, 2004:
a. How to determine depreciation rate:
- Based on the figures in the accounting books and records of fixed assets to determine the remaining value in the accounting books of fixed assets.
- Determine the remaining useful life of fixed assets according to the following formula:
In there:
t 1
T = T 2 ( 1 - ----- )
T 1
T : Remaining useful life of fixed assets
T 1 : The useful life of fixed assets is determined according to the provisions in Appendix 1 issued with Decision No. 166/1999/QD-BTC.
T 2 : The useful life of fixed assets is determined according to the provisions in Appendix 1 issued with Decision No. 206/2003/QD-BTC.
t1 : Actual time for depreciation of fixed assets
- Determine the annual depreciation rate (for the remaining years of the fixed asset) as follows:
Residual value of fixed assets | ||
annual average of fixed assets | = | Remaining useful life of fixed assets |
- The average monthly depreciation rate is equal to the annual depreciation amount divided by 12 months.
b. Example of calculating and depreciating fixed assets:
For example: A business uses a weaving machine with an original cost of 600 million VND from January 1, 2001. The usage time is determined according to the provisions in Appendix 1 issued with the Decision.
Decision No. 166/1999/QD-BTC is 10 years. The useful life of this weaving machine up to December 31, 2003 is 2 years. The accumulated depreciation is 120 million VND.
- The remaining value on the accounting books of the weaving machine is 480 million VND.
- Enterprises determine the usage time of weaving machines according to the provisions in Appendix 1 issued with Decision No. 206/2003/QD-BTC as 5 years.
- Determine the remaining usage time of the weaving machine as follows:
2 years
remaining use = 5 years x ( 1 - ----------- ) = 4 years of 10-year fixed assets
- Average annual depreciation rate = 480 million VND: 4 years = 120 million VND/year (according to Decision No. 206/2003/QD-BTC)
Average monthly depreciation = 120 million VND : 12 months = 10 million VND/month
From January 1, 2004 to December 31, 2007, the enterprise deducted depreciation for this weaving machine into monthly business expenses of 10 million VND.
II. Adjusted declining balance depreciation method:
1. Contents of the method:
The depreciation rate of fixed assets using the adjusted decreasing balance method is determined as follows:
- Determine the useful life of fixed assets:
Enterprises determine the usage time of fixed assets according to the provisions of the Regime.
Management, use and depreciation of fixed assets issued with Decision No. 206/2003/QD-BTC of the Ministry of Finance.
- Determine the annual depreciation rate of fixed assets in the first years according to the following formula:
Annual depreciation rate of fixed assets
In there:
= Residual value of fixed assets
X Rapid Depreciation Rate
The accelerated depreciation rate is determined by the following formula:
Rapid Depreciation Rate
(%)
= Fixed asset depreciation rate by straight-line method
X is empty
adjust
The depreciation rate of fixed assets by the straight-line method is determined as follows:
1 | ||
determined by method straight line (%) | = | X 100 Time of use of fixed assets |
The adjustment coefficient is determined according to the usage time of fixed assets specified in the table below:
Time of use of fixed assets
Adjustment error (time) | ||
Up to 4 years | ( t 4 years) | 1.5 |
Over 4 to 6 years | (4 years < t 6 years) | 2.0 |
Over 6 years | (t > 6 years) | 2.5 |
In the final years, when the annual depreciation rate determined by the above-mentioned decreasing balance method is equal to (or lower than) the average depreciation rate between the remaining value and the remaining years of use of the fixed asset, then from that year onwards the depreciation rate is calculated by dividing the remaining value of the fixed asset by the remaining years of use of the fixed asset.
- The monthly depreciation rate is equal to the annual depreciation amount divided by 12 months.
2. Example of calculating and depreciating fixed assets:
EXAMPLE : Company A bought a new electronic components manufacturing equipment with an original price of 10 million.
VND. The useful life of fixed assets is determined according to the provisions in Appendix 1 (issued with Decision No. 206/2003/QD-BTC) is 5 years. Determine the annual depreciation rate as follows: - The annual depreciation rate of fixed assets according to the straight-line depreciation method is
20%. - The rapid depreciation rate according to the decreasing balance method is 20% x 2 (adjustment coefficient) = 40% - The annual depreciation rate of the above fixed assets is specifically determined according to the table below:
Unit: Dong
Year 1
Remaining value of Fixed assets | How to calculate fixed asset depreciation | annual depreciation | Discount level loss of goods year | Discount level loss of goods month | Accumulated depreciation at year end | |
1 | 10,000,000 | 10,000,000 x 40% | 4,000,000 | 333.333 | 4,000,000 | |
2 | 6,000,000 | 6,000,000 x 40% | 2,400,000 | 200,000 | 6,400,000 | |
3 | 3,600,000 | 3,600,000 x 40% | 1,440,000 | 120,000 | 7,840,000 | |
4 | 2,160,000 | 2,160,000 : | 2 | 1,080,000 | 90,000 | 8,920,000 |
5 | 2,160,000 | 2,160,000 : | 2 | 1,080,000 | 90,000 | 10,000,000 |
In there:
+ The depreciation rate of fixed assets from the first year to the end of the third year is calculated by multiplying the remaining value of the fixed assets by the rapid depreciation rate (40%).
+ From the 4th year onwards, the annual depreciation rate is equal to the remaining value of the fixed asset (beginning of the 4th year) divided by the remaining number of years of use of the fixed asset (2,160,000 : 2 = 1,080,000).
Because in the 4th year: the depreciation rate according to the decreasing balance method (2,160,000 x 40% = 864,000) is lower than the average depreciation rate between the remaining value and the remaining years of use of the fixed asset (2,160,000 : 2 = 1,080,000) .
III. Depreciation method based on quantity and volume of products:
1. Contents of the method:
Fixed assets in the enterprise are depreciated using the depreciation method based on quantity and volume of products as follows:
- Based on the economic and technical records of fixed assets, enterprises determine the total quantity and volume of products produced according to the design capacity of fixed assets, referred to as output according to design capacity.
- Based on the actual production situation, the enterprise determines the quantity and actual volume of products produced monthly and annually of fixed assets.
- Determine the monthly depreciation rate of fixed assets according to the formula below:
Monthly depreciation of fixed assets
In there:
= Number of products produced in the month
X Average depreciation rate calculated for a
unit of product
Depreciation rate Average original cost of fixed assets calculated for =
one unit of product Output according to design capacity
- The annual depreciation rate of fixed assets is equal to the total depreciation rate of 12 months in a year, or calculated according to the following formula:
Annual depreciation rate of fixed assets
determine
= Number of products produced in the year
X Average depreciation rate calculated for a
unit of product
In case the design capacity or original price of fixed assets changes, the enterprise must re-determine the depreciation rate of fixed assets.
2. Example of calculating and depreciating fixed assets:
Example: Company A buys a bulldozer (100% new) with an original price of 450 million VND. The design capacity of this bulldozer is 30m3 / hour. The output according to the design capacity of this bulldozer is
2,400,000 m 3 . The volume of products achieved in the first year of this bulldozer is:
Month
Finished product weight city (m 3 ) | Month | Product weight completed (m 3 ) | |
January | 14,000 | July | 15,000 |
February | 15,000 | August | 14,000 |
March | 18,000 | September | 16,000 |
April | 16,000 | October | 16,000 |
May | 15,000 | November | 18,000 |
June | 14,000 | December | 18,000 |
The depreciation rate according to the depreciation method based on quantity and volume of products of this fixed asset is determined as follows:
- Average depreciation rate calculated for 1 m3 of bulldozed soil = 450 million VND: 2,400,000 m3 = 187.5 VND/ m3
- The depreciation rate of bulldozers is calculated according to the following table:
Month
Actual monthly output (m 3 ) | Monthly depreciation rate (copper) | |
1 | 14,000 | 14,000 x 187.5 = 2,625,000 |
2 | 15,000 | 15,000 x 187.5 = 2,812,500 |
3 | 18,000 | 18,000 x 187.5 = 3,375,000 |
4 | 16,000 | 16,000 x 187.5 = 3,000,000 |
5 | 15,000 | 15,000 x 187.5 = 2,812,500 |
6 | 14,000 | 14,000 x 187.5 = 2,625,000 |
7 | 15,000 | 15,000 x 187.5 = 2,812,500 |