What is fixed asset? The latest form of decision to put fixed assets in Vietnam in the company's assets for use in 2022?
What is fixed asset?
Pursuant to the provisions of Article 2 of Circular 45/2013/TT-BTC providing for the interpretation of terms according to which:
- Tangible fixed assets in Vietnam: are the main labor materials with physical form satisfying the standards of tangible fixed assets, participating in many business cycles but still keeping the physical form. such as buildings, structures, machinery, equipment, means of transport...
- Intangible fixed assets in Vietnam: are assets that have no physical form, represent an amount of investment value that satisfies the criteria of intangible fixed assets, participating in many business cycles. , such as some costs directly related to land use; costs of distribution rights, patents, patents, copyrights...
- Financial lease fixed assets in Vietnam: are fixed assets that the enterprise leases from the financial leasing company. At the end of the lease term, the lessee has the option to buy back the leased asset or continue the lease according to the conditions agreed in the financial lease. The total rental amount of an asset specified in the finance lease contract must be at least equivalent to the value of that asset at the time of signing the contract.
All leased fixed assets in Vietnam that do not satisfy the above provisions are considered fixed assets in Vietnam under operating lease.
- Similar fixed assets in Vietnam: are fixed assets in Vietnam with similar uses in the same business field and of equivalent value.
What are the principles of fixed asset management?
Pursuant to the provisions of Article 5 of Circular 45/2013/TT-BTC stipulating the principles of fixed asset management as follows:
- Every fixed asset in the enterprise must have its own set of documents (including minutes of fixed asset delivery and receipt, contract, fixed asset purchase invoice and other relevant documents and documents). Each fixed asset must be classified, numbered and has its own card, tracked in detail according to each fixed asset recording object and reflected in the fixed asset monitoring book.
- Each fixed asset must be managed according to its historical cost, accumulated depreciation and residual value in the accounting books:
Residual value in accounting books of fixed assets in Vietnam = Historical cost of fixed assets in Vietnam- Accumulated depreciation of fixed assets in Vietnam
- For fixed assets in Vietnam that do not need to be used or are awaiting liquidation but have not been fully depreciated, the enterprise must manage, monitor and preserve them in accordance with current regulations and depreciate them in accordance with this Circular.
- Enterprises must manage fixed assets in Vietnam that have been fully depreciated but still participate in business activities like ordinary fixed assets in Vietnam.
What is fixed asset? The latest form of decision to put fixed assets in the company's assets for use in 2022? (Image source: Internet)
Form of decision to put fixed assets in Vietnam into use in accordance with the latest standards in 2022?
Accordingly, in order to put fixed assets in Vietnam into use, the enterprise must make a decision to put the fixed assets in Vietnam into use. Here are a few sample decisions to put fixed assets in Vietnam into use in accordance with the latest standards in 2022:
- Model number 1:
Download form number 1: Here.
- Model number 2:
Download form #2: Here.
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