Guideline on Determining the Original Value of Fixed Assets Formed from Procurement in the Ministry of National Defense

04:47, 11/07/2024

This is the prominent content stipulated in Circular 13/2019/TT-BQP which regulates and guides the policies on management, depreciation, and amortization of fixed assets and the policies on reporting fixed assets being specialized assets and assets serving management work at units under the Ministry of National Defense.

According to the new regulation, the original cost of fixed assets acquired by the Ministry of Defense is determined by the following formula:

In which:

- Trade discounts or reductions or penalties for the seller are amounts deducted from the value recorded on the invoice, applied in cases where the value recorded on the invoice includes trade discounts or reductions or penalties for the seller.- Other costs are reasonable expenses directly related to the procurement of fixed assets that the unit has expended up to the time the fixed assets are put into use.

Circular 13/2019/TT-BQP is effective from March 18, 2019.

- Thanh Lam -

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