In this publication are described: ways of carrying out capital repair of fixed assets, documentary registration and account.
Accounting and tax accounting of capital repairs of fixed assets
Accounting and tax accounting of capital repairs of fixed assets
Accounting of expenses for capital repairs of fixed assets depends on recognition of such repair or expenses of the reporting period, or capital investments.
Expenses on capital repairs of fixed assets own and received in a finance lease which priznany a capital investment, are considered on subaccount 152 Acquisition (manufacturing) of fixed assets, and for objects of fixed assets, naxodyashhixsya in operational rent – on subaccount 153 Priyoobreteniye (manufacturing) of other non-turnaround mateyorialny assets.
On the debit of subaccounts 152 and 153 the sums of the suffered expenses are considered, and on the credit the spiyosaniye them into the corresponding subaccounts of account 10 Osyonovnye of means or into subaccount 117 Other neoboyorotny material assets (for objects an uluchsheyoniya of the rented fixed assets) is considered.
Costs of capital repairs of fixed assets, proizyovodimy for maintenance of object of fixed assets in working condition and receiving peryovonachalno a certain sum of future ekonoyomichesky benefits from its use, spisyvayutsya in structure of operating costs of an operational deyayotelnost (item 15 P (C) BU 7). Are reflected such zatraty as a part of expenses of the reporting period, in koyotory they were made.
Costs of capital repairs belong into accounts according to the accounting of expenses depending on the purposes of use of objects of fixed assets at the enterprise. Such expenses we recommend to reflect in "Proizyovodstvo’s" accounts 23, 91 Obshcheproizvodstvennye expenses, 92 Administrative expenses, 93rd "Distribution costs", 94 An other expenses of operating activities.
In the same order are reflected at the tenant rasxody on capital repairs of the rented fixed assets.
Tax accounting of expenses on capital repairs of fixed assets is carried out in the same order, as for expenses on maintenance of fixed assets, poskolku in tax accounting expenses both on current, and on capital repairs admit uluchsheniyami fixed assets (item 8.7 of the Law on profit).
Let’s remind that to the payer of the profits tax razyoresheno:
• expenses on improvement at a rate of 10 % of cumulative balance cost of groups of fixed assets (objects of OF of group 1) for the beginning of year to carry to structure of gross expenses (a 10 percent limit);
• the expenses exceeding the specified size, otnosit on increase in balance cost of groups of fixed assets (objects of OF of group 1) and nachislyat amortization.
Example 2
The agricultural enterprise – the payer of a tax on pribyl made in the economic way kapremont the lorry with replacement of the engine by more powerful.
Thus term of use of the new engine exceeds term of operation of the car.
In this case replacement of the engine is reflected as a kapiyotalny investment on acquisition of new object of fixed assets, and the replaced engine is subject to write-off.
Expenses are carried out within a 10 percent limit (for tax accounting).
Reflection in the accounting of above-mentioned hozyaystvenyony operations is given in tab. 1.
Capital repairs by contract way
The capital repairs of fixed assets which is carried out in the podryadyony way, provide registration of sleduyoyushchy documents:
• contracts on performance of repair work (for definition of the rights and duties of the performer and a zayokazchik);
• the act of acceptance of the executed works (for a podtverzhyodeniye of the fact of performance by the contractor of opredelenyony volume of repair work, the actual stoyoimost of such works);
• the tax consignment note (forming the basis for reflection of the tax credit on the VAT);
• the act on f. No. 03-2 (for fact confirmation priemki object from repair after carrying out its survey and test).
In accounting of an expense for such capital repairs are reflected in the basis of the invoice and the act of vyyopolnenny works as calculations with the contractor.
Accounting and tax accounting of expenses for the capital repairs of fixed assets which is carried out contract sposoyoby, is conducted similar to the accounting of such repair at an economic way. Difference consists only in the item of expenditure. For a contract way kapremonta the item of expenditure Cost of services of the foreign organizations on capital repairs of osnovyony means is usually entered.
Table 1. (UAH.)
Example 3
The tractor being in operational rent, agricultural enterprise – the payer of the profits tax otremontirovalo in the contract way.
Cost of works on its capital repairs – 6000 UAH. (including the VAT – 1 000 UAH.). Capital repairs are carried out for tractor maintenance in working condition without increase in future economic benefits and over a 10 percent limit (for tax accounting).
The listed economic operations are reflected in the account as follows (see tab. 2).
Table 2. (UAH.)
(On Balans-Agro newspaper materials).