Subjects Required to Record Fixed Assets in Accounting Books in the Ministry of National Defense

04:42, 11/07/2024

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

Recording fixed asset accounting in the Ministry of National Defence shall be carried out for the following subjects:

- Independently used assets identified as a subject of fixed asset accounting.- A system comprising multiple individual asset parts interlinked to carry out one or several specific functions, where the absence of any part renders the entire system inoperative.- A system comprising multiple individual asset parts interlinked, where each constituent part has a different lifespan and independent operational functions, but requires separate management for each asset part; each of these asset parts is identified as a subject of fixed asset accounting.- Working animals and/or animals producing products, where each animal has a value of VND 10,000,000 or more, is identified as a subject of fixed asset accounting.- Gardens located within an independent land area, valued at VND 10,000,000 or more; or each perennial tree valued at VND 10,000,000 or more is identified as a subject of fixed asset accounting.

Circular 13/2019/TT-BQP takes effect from March 18, 2019.

- Thanh Lam -

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