Circular 178: 02 Principles for Calculating Depreciation of Road Infrastructure Assets

18:49, 10/07/2024

Recently, Circular 178/2013/TT-BTC was signed and issued by the Ministry of Finance, detailing and guiding the implementation of certain provisions of Decree 10/2013/ND-CP on the management, use, and exploitation of road traffic infrastructure assets.

The calculation of depreciation for road infrastructure assets must comply with the principles stipulated in Circular 178/2013/TT-BTC as follows:

calculation of depreciation for road infrastructure assets, Circular 178/2013/TT-BTC

Source: Internet

- All existing road infrastructure assets of the agency or unit must be depreciated, except for the following road infrastructure assets:

- Road infrastructure assets that the agency or unit is renting;- Road infrastructure assets that the agency or unit is safekeeping on behalf of others;- Road infrastructure assets that have been fully depreciated but are still usable;- Road infrastructure assets that have not been fully depreciated but are no longer usable due to damage.

- The calculation of depreciation is carried out once a year in December, before closing the accounting books. In the case of transfer, division, merger, dissolution, or re-evaluation inventory according to the State's policy, the depreciation of the assets is calculated at the time of the decision of the competent state agency.

For additional regulations, refer to Circular 178/2013/TT-BTC, effective from February 1, 2014.

Thu Ba

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