Vietnam: What is the formula for calculating the cost of repairing equipment used for bomb, mine, and explosive clearance?
According to Subsection 2.2, Section 2, Annex I, Circular 122/2021/TT-BQP, the cost of repairing equipment used for bomb, mine, and explosive clearance in Vietnam is calculated as follows:
- The cost of equipment repair in Vietnam includes expenses for periodic maintenance and repair of the equipment, as well as unexpected repairs during equipment usage to maintain and restore the equipment's standard operational capacity:
|
CCS = |
G x DSC |
|
|
NCA |
Where:
+ CCS: cost of repair within the equipment shift price (VND/shift)
+ DSC: repair rate of the equipment (% per year)
+ G: original equipment cost before value-added tax (VND)
+ NCA: number of equipment working shifts in a year (shifts/year).
- The equipment repair rate (% per year) is determined based on the repair rate specified in Annex II attached to this Circular. For equipment working in saltwater, brackish water, and highly corrosive environments, the repair rate is adjusted with a coefficient of 1.05.
- The original equipment cost before tax (G) and the number of working shifts in a year (NCA) are determined as specified in points c and e, subsection 2.1 of this Annex.
- The cost of equipment repair does not include expenses for replacing major components that are part of the equipment's operational units, the wear and tear of which depend mainly on the nature of the work object.
Respectfully!
