Principle to manage fixed assets of enterprises in Vietnam is specified at Circular 45/2013/TT-BTC .
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Principle to manage fixed assets of enterprises in Vietnam (Source: internet)
Specifically, principle to manage fixed assets of enterprises in Vietnam includes:
- All fixed assets in enterprise must have a separate record, including:
+ Record of delivery of fixed assets;
+ Contracts, invoices of purchase of fixed assets;
+ Other relevant documents.
- Each fixed asset must be classified, numbered with its own card, monitored in detail and reflected in the monitoring book of fixed assets.
- Each fixed asset must be managed by its primary price, accumulated depreciation and residual value in accounting books
| Residual value in accounting books of fixed assets = Primary price of fixed assets - Accumulated depreciation of fixed assets |
- For fixed assets without need of use awaiting disposal, but not fully depreciated, the enterprises have to manage, monitor and preserve under current regulations and depreciation under the provisions of Vietnam's Circular 45./2013/TT-BTC.
- The enterprises in Vietnam must manage for fixed assets fully depreciated but still involved in business activities as normal fixed assets.
Diem My
