Postings for the sale of OS
When selling property accounted for as an asset, the following operations are performed:
- Write-off of the initial price
- Write-off from depreciated assets
- Reflection of proceeds received from the sale
- Accounting for VAT on the sale of an asset
Postings:
| Dt | CT | The essence of the operation | Sum | Primary document |
| 01. | 01.01 | Starting price reflected | 450 | Certificate of acceptance and transfer of OS |
| 02.01 | 01. | Depreciation of fixed assets reflected | 120 | |
| 91.01 | 01. | The amount shown after depreciation | 330 | |
| 62.01 | 91.01 | Revenue from the sale of OS was written off | 390 | |
| 91.01 | 68 | VAT on sales included | ,5 |
Description of the account “Fixed assets in the organization”
Fixed assets in an organization are a part of the property used over a long period of time (more than 12 months) for the creation and operation of products or for management purposes.
In accordance with PBU 6/01 “Accounting for OC”, OC in BU should include: buildings, structures, various machines and equipment, regulating instruments and devices used for measurement, computer equipment, household equipment, plantings, as well as other types of production assets .
How is the write-off of an asset reflected in cases of complete wear and tear?
When writing off an operating system in cases of wear and tear, the following operations are performed:
- Write-off of the initial price
- Write-off of depreciation
- Write-off from depreciated assets
Postings for write-off of OS:
| Dt | CT | The essence of the operation | Sum | Primary document |
| 01. | 01.01 | Starting price reflected | 450 | OS write-off act |
| 02.01 | 01. | Depreciation reflected | 120 | |
| 91.01 | 01. | The amount shown after depreciation | 330. |
Disposal of fixed assets - how to reflect in 1C
Published 10/15/2014 20:45 Author: Administrator Sometimes there are situations when an organization sells a fixed asset, or maybe it has to be written off due to physical/moral wear and tear or breakdown. What entries should the accountant make, and how to correctly reflect the disposal of fixed assets in 1C programs? Let's consider this situation using the example of 1C: Enterprise Accounting 8.
In our example, we will write off a fixed asset worth 100 thousand rubles due to a breakdown. This woodworking machine was registered in January 2013 and as of the end of September 2014 we see the following picture in the “Subconto Analysis” report.
Accrued depreciation is not yet equal to the original cost of the fixed assets; the residual value as of September 30, 2014 is 44,444 rubles.
Thus, when decommissioning the OS in October, we must:
— calculate depreciation for the last month of use;
— write off the initial cost to the account 01.09;
— write off the amount of depreciation accrued during the operating period also to account 01.09;
- write off the difference between the initial cost and accrued depreciation (residual value) as expenses (account 91.02).
For all these purposes, the “Write-off of fixed assets” document is intended, which is located on the “Fixed assets and intangible assets” tab.
We create a new document, indicate the reason for write-off - breakdown (you can add a new element to the directory “Reasons for write-off of OS”). Then we select the organization, write-off account - 91.02 and expense item - “Income (expenses) associated with the liquidation of fixed assets.” It is also necessary to fill out the “Location of fixed assets” field, indicating there the division in which the fixed asset is registered after acceptance for accounting. If this detail is left blank or incorrect data is provided, the program will generate an error like “The fixed asset... was not reflected in the accounting at location <>” and will not post the document.
We add the OS that should be written off to the tabular section, and the document can be processed.
When posting a document, the following account movements are generated:
— Dt 20.01 Kt 02.01 — depreciation for October
— Dt 02.01 Kt 01.09 — accrued depreciation written off
— Dt 01.09 Kt 01.01 — the initial cost of the fixed assets was written off
- Dt 91.02 Kt 01.09 - the residual value of the fixed assets is written off as expenses
If you need more information about working in 1C: Enterprise Accounting 8, then you can get our book for free using the link.
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-1 Natusya 04/25/2016 17:10 Good afternoon. How to correctly fill out acts when writing off fixed assets?
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Postings for the disposal of an asset when registering a donation
When disposing of fixed assets on the terms of gift or exchange, the following operations are performed:
- Reflection of starting price
- Reflection of depreciation
- Write-off of depreciated cost
- Reflection of the costs incurred by the transfer
- VAT calculation
Postings for disposal of fixed assets:
| Dt | CT | The essence of the operation | Sum | Primary document |
| 01. | 01.01 | Starting price reflected | 450 | Certificate of acceptance and transfer of OS |
| 02.01 | 01. | Depreciation reflected | 120 | |
| 91.01 | 01. | The amount shown after depreciation | 330 | |
| 91.01 | 10.01/70.01/69 | Posted expenses incurred during the transfer | 5/20/7 | |
| 91 | 68.02 | VAT reflected | ,5 |
Account 01 in accounting
The fixed assets accounting account is active, its structure is displayed in the form of a table:
In the standard version, synthetic account 01 includes subaccounts for breakdown by type of fixed assets.
To reflect disposals, a sub-account for the disposal of fixed assets is also often opened, into which the initial and written-off costs are collected, and the write-off is carried out from this account. If the disposal account is not used, then transactions Dt 02 - Kt 01 arise.
For the correctness of analytical accounting, a breakdown is carried out by objects. Items in the account are stated at their original cost, which may include shipping costs, fees, etc.
If an asset is owned by several organizations, then in the accounting of each of them its value is reflected in proportion to the share of ownership.
Main correspondence of account 01
Typical correspondence of the fixed assets accounting account is presented in the table:
OS upgrade
Modernization of fixed assets is the transformation of the operating system, which led to an improvement in its characteristics.
An increase in the cost of fixed assets due to the modernization or reconstruction of an object is reflected by standard posting:
| Dt | CT | Operation description |
| 01 | 08 | Cost increase amount |
Increase in value after revaluation:
| Dt | CT | Operation description |
| 01 | 83 | Revaluation amount |
Depreciation of fixed assets
Depreciation of fixed assets in accounting refers to the gradual transfer of their value to the cost of manufactured products.
There are categories of property that are not subject to depreciation:
- land;
- environmental management facilities;
- livestock;
- non-production housing facilities;
- forestry, road management;
- external landscaping.
If repairs last more than one year, and conservation of objects lasts more than three months, then depreciation is suspended.
In the balance sheet, fixed assets are reflected at their residual value: original cost minus accumulated depreciation. Non-depreciable property is reflected in the balance sheet at historical cost.
Depreciation starts from the month following the commissioning date. The accrual will stop in the next month after the cost has been completely written off.
After the book value of the asset becomes zero, the asset is not reflected in the balance sheet.
How to write off an operating system if a shortage is discovered during an inventory?
If, during the inventory of the OS, a shortage of an OS object or its damage was discovered in the accounting accounts, the following is written:
- Reflection of starting price
- Reflection of depreciation
- Write-off of disappeared OS from the depreciated price
- Writing off the amount of the shortfall to the debt of the culprit (if such a person is identified)
- Writing off the amount of the shortfall as other expenses in a situation where the culprits are unknown
Postings:
| Dt | CT | The essence of the operation | Sum | Primary document |
| 01. | 01.01 | Starting price reflected | 450 | Inventory report |
| 02.01 | 01. | Depreciation reflected | 120 | |
| 01. | The amount shown after depreciation | 330 | ||
| 73.02/76.49 | The price of the shortage/damage is reflected as the debt of the culprit | 330 | ||
| 91.01 | The price of shortage/damage is reflected among other expenses | 330 |
Postings for disposal of fixed assets in case of emergency
If an emergency occurred, as a result of which the OS object was destroyed, the following operations should be performed:
- Reflection of starting price
- Reflection of depreciation
- Write-off of the depreciated cost of uninsured fixed assets, or in part exceeding the insurance compensation
- Reflection of the depreciated cost of the insured fixed assets in the part not exceeding the insurance.
Postings:
| Dt | CT | The essence of the operation | Sum | Primary document |
| 01. | 01.01 | Starting price reflected | 450 | Certificate of write-off of fixed assets + document confirming the emergency (certificate from the Ministry of Internal Affairs, Ministry of Emergency Situations) |
| 02.01 | 01. | Depreciation reflected | 120 | |
| 99.01.1 | 01. | Reflects the amount after depreciation of uninsured fixed assets, in part exceeding the insurance compensation | 330/130 | |
| 76.01.1 | 01. | Reflects the amount after depreciation of the insured asset, to the extent not exceeding the insurance indemnity | 200 |
Postings for write-off of fixed assets
| Account Dt | Kt account | Transaction amount, rub. | Wiring Description |
| Moral and physical wear and tear of fixed assets | |||
| 01-B | 01 | 150 000 | Write-off of the primary cost of an item of fixed assets |
| 02 | 01-B | 125 000 | Write-off of accrued depreciation |
| 91-2 | 01-B | 25 000 | Write-off of an asset at its residual value |
| 91-2 | 70 (69,76) | 15 000 | Overhead costs associated with asset write-off |
| 10 | 91-1 | 25 000 | Materials were capitalized at their market value, which remained when the OS was written off and can be used in the repair of similar OS |
| Sale of fixed assets | |||
| 01-B | 01 | 80 000 | Write-off of the primary cost of an item of fixed assets |
| 02 | 01-B | 20 000 | Write-off of accrued depreciation |
| 91-2 | 01-B | 60 000 | Write-off of an asset at its residual value |
| 62 (76) | 91-1 | 50 000 | The fixed asset was sold (revenue from the sale was accrued) |
| 91-2 | 68 | 9 000 | VAT accrued on this transaction |
| 83 | 84 | 5 000 | Write-off of the amount of additional valuation of the sold non-current asset |
| Contribution to the authorized capital of another organization | |||
| 01-B | 01 | 74 000 | Write-off of the primary cost of an item of fixed assets |
| 02 | 01-B | 14 000 | Write-off of accrued depreciation |
| 58 | 01-B | 60 000 | Contribution of fixed assets as a contribution to the authorized capital of another organization |
| Free transfer (donation) of OS | |||
| 01-B | 01 | 56 000 | Write-off of the primary cost of an item of fixed assets |
| 02 | 01-B | 13 000 | Write-off of accrued depreciation |
| 91-2 | 01-B | 43 000 | Write-off of an asset at its residual value |
| 91-2 | 70 (69,76) | 15 000 | Overhead costs associated with OS transfer |
| 91-2 | 68 | 2 700 | VAT calculation |
| Theft and theft of fixed assets | |||
| Write-off of uninsured fixed assets | |||
| 01-B | 01 | 90 000 | Write-off of the primary cost of an item of fixed assets |
| 02 | 01-B | 30 000 | Write-off of accrued depreciation |
| 94 | 01-B | 60 000 | Write-off of an asset at its residual value |
| 99 | 94 | 60 000 | Write-off of value as a loss to the enterprise |
| Write-off of insured fixed assets | |||
| 01-B | 01 | 60 000 | Write-off of the primary cost of an item of fixed assets |
| 02 | 01-B | 35 000 | Write-off of accrued depreciation |
| 91-2 | 01-B | 25 000 | Write-off of an asset at its residual value |
| 51 | 76 | 40 000 | Insurance compensation received |
| 76 | 91-1 | 40 000 | Display of profit (insurance compensation) |
| Return of stolen OS | |||
| 01 | 94 | 60 000 | Restoring the residual value of a stolen object |
| 01 | 02 | 30 000 | Restoration of accrued depreciation |
| Liquidation due to emergency situations | |||
| 01-B | 01 | 300 000 | Write-off of the primary cost of an item of fixed assets |
| 02 | 01-B | 275 000 | Write-off of accrued depreciation |
| 91-2 | 01-B | 25 000 | Write-off of an asset at its residual value |
| 91-2 | 60 | 10 000 | Overhead costs associated with the liquidation of an operating system |
| 60 | 51 | 10 000 | Transfer of money for liquidation of OS |
| 99 | 91 | 35 000 | Display of financial result |
| Partial liquidation of a fixed asset | |||
| 01-B | 01 | 40 000 | Write-off of a certain part of the initial cost of an asset |
| 02 | 01-B | 25 000 | Write-off of the corresponding part of accrued depreciation |
| 91-2 | 01-B | 15 000 | Write-off of the initial cost of a partially liquidated fixed asset |
