Is it Permissible Not to Depreciate Special Assets?
According to the provisions of Clause 1, Article 9 of Circular 45/2013/TT-BTC, depreciation is stipulated as follows:
- All existing fixed assets of the enterprise must be depreciated, except for the following fixed assets:
+ Fixed assets that have been fully depreciated but are still being used in production and business activities.
+ Fixed assets that have not been fully depreciated and are lost.
+ Other fixed assets managed by the enterprise but not owned by the enterprise (excluding fixed assets under finance lease).
+ Fixed assets not managed, monitored, or recorded in the enterprise's accounting books.
+ Fixed assets used in welfare activities serving the enterprise's workers (excluding fixed assets serving workers at the enterprise such as: mid-shift rest houses, mid-shift dining rooms, changing rooms, restrooms, clean water tanks, parking lots, medical rooms or stations for health check-ups, worker transport vehicles, training and vocational facilities, housing for workers invested in by the enterprise).
+ Fixed assets from non-refundable aid after being handed over to the enterprise by competent authorities to serve scientific research.
+ Intangible fixed assets such as long-term land use rights with land levy or legally transferred long-term land use rights.
In addition, Clause 9, Article 9 of Circular 45/2013/TT-BTC stipulates:
- The commencement or cessation of the depreciation of fixed assets shall be implemented starting from the day (according to the number of days in the month) the fixed asset increases or decreases. The enterprise shall account for the increase or decrease of fixed assets according to the current regulations on enterprise accounting policies.
=> Thus, all existing fixed assets of the enterprise must be depreciated according to legal regulations, except in the cases stipulated in Clause 1, Article 9 of Circular 45/2013/TT-BTC, where special assets do not need to be depreciated. The editorial board responds with this information.
