The following introduces the ways, methods and detailed steps for accruing the depreciation of fixed assets, and provides precautions to ensure the rigor of the process.
1. Determine the object and standard for accruing depreciation.
Clarify the object of depreciation: First, it is necessary to clarify which fixed assets need to be depreciated. In general, most fixed assets need to be depreciated, except for land and assets that have been fully depreciated.
Determine the depreciation method: Select the appropriate depreciation method, such as the straight-line method, the workload method, the double declining balance method, or the sum of years method. Once confirmed, it cannot be changed at will.
Set depreciation life and net residual value: Set a reasonable depreciation life and net residual value based on the nature and use of the asset.
2. Prepare depreciation calculation tables.
Collect asset information: Collect information such as the original value, date of purchase, estimated useful life, and net residual value of each fixed asset.
Calculate monthly depreciation: Calculate the monthly depreciation accrual based on the selected depreciation method and the set depreciation period and net residual value.
Preparation of depreciation calculation table: the original value, monthly depreciation amount, accumulated depreciation and other information of each fixed asset are compiled.
3. Submit for approval and implement depreciation provision.
Submit for approval: Submit the prepared depreciation calculation table to the superior or relevant departments for approval.
Adjustment and modification: Adjust and modify the depreciation calculation table according to the approval opinions.
Depreciation accrual: After approval, the depreciation accrual operation is performed in the accounting system according to the data in the depreciation calculation table.
Recording and archiving: Record and archive the relevant vouchers and documents of depreciation accrual for inspection.
4. Continuous monitoring and adjustment.
Periodic Inspections: Conduct regular inventories of fixed assets to verify their quantity, status, and usage.
Update Information: Based on the inventory results, update the information and depreciation table of fixed assets.
Adjust depreciation: If the actual usage of fixed assets is found to be inconsistent with the estimate, adjust the depreciation method and life in time.
Monitor market changes: Pay attention to market changes, such as changes in assets** or the emergence of new technologies, so that the value and depreciation methods of fixed assets can be adjusted in a timely manner.
5. Precautions and risk control.
Ensure data accuracy: Throughout the process, it is important to ensure the accuracy and completeness of all data to avoid financial risks due to data errors.
Compliance with laws and regulations: In the process of accruing depreciation, it is necessary to comply with relevant laws, regulations and accounting standards to ensure the company's compliance operation.
Fraud prevention: Establish a sound internal control system to prevent fraud that may occur in the depreciation provision process.
Pay attention to the tax impact: pay attention to the impact of depreciation on corporate taxation, and make reasonable use of tax policies to reduce tax burden.