What are fixed assets according to trực tiếp bóng đá hôm nay euro law in Vietnam? What are types of fixed assets?

What are fixed assets according to trực tiếp bóng đá hôm nay euro law in Vietnam? What are types of fixed assets?

Pursuant to Article 2 of trực tiếp bóng đá hôm nay euro Circular 45/2013/TT-BTC:

trực tiếp bóng đá hôm nay euro terms used in this Circular shall be construed as follows:

1. Tangible fixed assets: are means of labor primarily in trực tiếp bóng đá hôm nay euro physical forms and satisfy trực tiếp bóng đá hôm nay euro criteria of tangible fixed assets, involved in many business cycle but remain original physical forms as buildings, structures, machinery, equipment, means of transportation ...

2. Intangible fixed assets: these assets are not physical forms, represents a value of trực tiếp bóng đá hôm nay euro investment has to satisfy trực tiếp bóng đá hôm nay euro criteria of an intangible asset, involved in many business cycles such as some costs directly related to land use; issuance right, patent, copyright,...

3. Fixed assets of financial leasing are trực tiếp bóng đá hôm nay euro assets which enterprises lease from financial leasing companies. At trực tiếp bóng đá hôm nay euro end of trực tiếp bóng đá hôm nay euro lease term, trực tiếp bóng đá hôm nay euro lessee has trực tiếp bóng đá hôm nay euro right to purchase trực tiếp bóng đá hôm nay euro leased property or continues trực tiếp bóng đá hôm nay euro lease under trực tiếp bóng đá hôm nay euro terms agreed in trực tiếp bóng đá hôm nay euro lease contract. trực tiếp bóng đá hôm nay euro total rent of an asset type specified in trực tiếp bóng đá hôm nay euro financial leasing contract must be at least equal to trực tiếp bóng đá hôm nay euro value of that asset at trực tiếp bóng đá hôm nay euro time of contract signing.

All leased assets if not meeting trực tiếp bóng đá hôm nay euro above-mentioned regulations are considered as trực tiếp bóng đá hôm nay euro operating leased fixed assets

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As regulated above, fixed assets are high-value assets that participate in multiple business cycles and are not consumed or destroyed during trực tiếp bóng đá hôm nay euro production process in order to generate economic benefits for trực tiếp bóng đá hôm nay euro enterprise. There are 03 main types of fixed assets according to trực tiếp bóng đá hôm nay euro law in Vietnam:

[1] Tangible fixed assets:are means of labor primarily in trực tiếp bóng đá hôm nay euro physical forms and satisfy trực tiếp bóng đá hôm nay euro criteria of tangible fixed assets, involved in many business cycle but remain original physical forms as buildings, structures, machinery, equipment, means of transportation,...

[2] Intangible fixed assets:these assets are not physical forms, represents a value of trực tiếp bóng đá hôm nay euro investment has to satisfy trực tiếp bóng đá hôm nay euro criteria of an intangible asset, involved in many business cycles such as some costs directly related to land use; issuance right, patent, copyright,...

[3] Fixed assets of financial leasingare trực tiếp bóng đá hôm nay euro assets which enterprises lease from financial leasing companies.

At trực tiếp bóng đá hôm nay euro end of trực tiếp bóng đá hôm nay euro lease term, trực tiếp bóng đá hôm nay euro lessee has trực tiếp bóng đá hôm nay euro right to purchase trực tiếp bóng đá hôm nay euro leased property or continues trực tiếp bóng đá hôm nay euro lease under trực tiếp bóng đá hôm nay euro terms agreed in trực tiếp bóng đá hôm nay euro lease contract.

trực tiếp bóng đá hôm nay euro total rent of an asset type specified in trực tiếp bóng đá hôm nay euro financial leasing contract must be at least equal to trực tiếp bóng đá hôm nay euro value of that asset at trực tiếp bóng đá hôm nay euro time of contract signing.

What are fixed assets according to trực tiếp bóng đá hôm nay euro law in Vietnam? What are types of fixed assets? - image from internet

What are methods of depreciation of fixed assets in Vietnam?

Pursuant to Article 13 of trực tiếp bóng đá hôm nay euro Circular 45/2013/TT-BTC stipulating methods of depreciation of fixed assets in Vietnam:

Method of depreciation of fixed assets:

1. Methods of depreciation:

a) Straight-line depreciation method.

b) Adjusted reducing balance method

c) Method of depreciation based on volume

2. Based on trực tiếp bóng đá hôm nay euro capacity to meet trực tiếp bóng đá hôm nay euro applicable conditions specified for each method of depreciation of fixed assets, trực tiếp bóng đá hôm nay euro enterprises may choose method of depreciation appropriate with each type of enterprises’ fixed asset:

a) trực tiếp bóng đá hôm nay euro straight-line depreciation method is trực tiếp bóng đá hôm nay euro method of depreciation by trực tiếp bóng đá hôm nay euro rate of stability calculation of each year into trực tiếp bóng đá hôm nay euro enterprises’ costs of business and production of trực tiếp bóng đá hôm nay euro fixed assets involved in trực tiếp bóng đá hôm nay euro business operation.

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As regulated above, trực tiếp bóng đá hôm nay euro methods of depreciation of fixed assets in Vietnam include:

- Straight-line depreciation method.

- Adjusted reducing balance method

- Method of depreciation based on volume

What are cases of changes of trực tiếp bóng đá hôm nay euro primary price of enterprise’s fixed assets in Vietnam?

Pursuant to Clause 4 Article 4 of trực tiếp bóng đá hôm nay euro Circular 45/2013/TT-BTC, trực tiếp bóng đá hôm nay euro primary price of enterprise’s fixed assets is only changed in trực tiếp bóng đá hôm nay euro following cases:

- Re-evaluating trực tiếp bóng đá hôm nay euro value of fixed assets in cases:

+ By decision of competent state authority.

+ Implementation of enterprise reorganization, enterprise ownership change, enterprise transformation: split, merger, consolidation, equitization, sale, lease, conversion of limited liability company into a joint stock company and from joint stock company converted into a limited liability company.

+ Investment made outside enterprise by use of assets.

- Upgrading fixed assets

- Dismantling one or a number of parts of fixed assets but these parts are managed by standard of a tangible fixed asset.

+ When changing trực tiếp bóng đá hôm nay euro primary price of fixed assets, trực tiếp bóng đá hôm nay euro enterprise have to make a record specifying grounds for change and re-determine indicators of primary price, trực tiếp bóng đá hôm nay euro Residual value in accounting book, accumulated depreciation, utilization time of fixed assets and conduct trực tiếp bóng đá hôm nay euro record as prescribed.

Best regards!