Circular 03/2018/TT-BKHCN has been issued by the Ministry of Science and Technology of Vietnam stipulating the Statistical Indicator System for the science and technology sector and the allocation for the collection and compilation of national statistical indicators on science and technology. The document takes effect from July 01, 2018.
According to the new regulations, the value and depreciation calculation methods for fixed assets in the science and technology sector in Vietnam are specified as follows:
- The value of fixed assets recorded includes:
- The accumulated depreciation value is the total amount of depreciation of all types of fixed assets of the organization calculated up to December 31 of the statistical year (year n). The calculation method is as follows:
Depreciation of fixed assets by year (n) | = | Depreciation of fixed assets by year (n-1) | + | Depreciation of + increased fixed assets in year (n) | - | Depreciation of decreased fixed assets in year (n) |
- The remaining value of fixed assets is the difference between the original cost of the fixed asset and the total accumulated depreciation of the fixed asset calculated up to the reporting date.
For more detailed information on human resources, refer to Circular 03/2018/TT-BKHCN replacing Circular 14/2015/TT-BKHCN.
- Thanh Lam -
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