With the straight line method of depreciation, the estimated disposal value should not be allowed in calculating the annual depreciation provision

Ít điểm qquas

First, depreciation means the systematic calculation, allocation and valuation of fixed asset value depreciated after a period of use. Fixed assets are labor materials that can be tangible or intangible, can be an independent structure, or made up of various parts to form a system for use in business operations, which is valuable and often used by business in various stages of production. Pursuant to Article 3 of Circular No. 45/2013 / TT-BTC issued of April 25, 2013 guiding the regime on the use and depreciation of fixed assets (hereinafter called Circular No. 45/2013 / TT-BTC for short), fixed assets, whether tangible or intangible, must meet the following three conditions: Certainly deriving future economic benefits from the use of that asset. He has a life span of more than one year. - Property prices must be reliably determined and valued at 30,000,000 VND (thirty million VND) or more.