Impairment of leased assets 20, impairment of leased assets

For operating leases, the lessor makes provision for impairment:

Borrow: Asset impairment loss.

Credit: Provision for impairment of fixed assets.

For financial leases, the lessee makes provision for impairment

Borrow: Asset impairment loss.

Credit: Provision for impairment of fixed assets - fixed assets of financial lease.

Once the provision for impairment of fixed assets is made, it cannot be reversed.

Accounting entries that do so can. The impairment can be reversed later.

Operating lease, the lessee's accounting treatment of the operating lease. The rent incurred by the lessee under the operating lease shall be recognized as an expense on a straight-line basis for each period of the lease term; Other methods can also be used if they are more reasonable. Where the lessor has provided a rent-free period, the total rent shall be apportioned over the entire lease term and not over the period after the lease period has been deducted from the rent-free period; In the event that the lessor bears certain expenses of the lessee, such expenses shall be deducted from the total rental amount and the balance of the rent shall be apportioned throughout the lease term.

1. The rent collected by the lessor under the operating lease shall be recognized as income in each period of the lease term according to the straight-line method, and other methods may also be used if other methods are more reasonable.

2. In the case that the lessor provides a rent-free period, the total rent shall be distributed according to the straight-line method or other reasonable methods throughout the lease period, rather than during the period after deducting the rent-free period from the lease period, and the lease income shall be recognized during the rent-free period; In the event that the lessor bears certain expenses of the lessee, such expenses shall be deducted from the total rent and the balance of the rent shall be distributed during the lease term.

1. Provision for short-term investment price decline.

2. Provision for bad debts.

3. Provision for inventory decline.

4. Provision for impairment of long-term investment.

5. Provision for impairment of fixed assets.

6. Provision for impairment of intangible assets.

7. Provision for impairment of construction in progress.

8. Provision for impairment of entrusted loans.

Provision for bad debts, provision for impairment of inventory, provision for impairment of short-term investment, provision for impairment of long-term investment, provision for impairment of fixed assets, provision for impairment of intangible assets, provision for impairment of construction in progress, provision for impairment of entrusted loans.

You like inventory impairment provisions

Impairment provisions related to financial assets and bad debts can be reversed; But what kind of long-term investment capital impairment provisions, fixed assets impairment provisions, etc. cannot be reversed!

In my opinion, the impairment provisions of general short-term assets are mostly reversible, and the impairment provisions of long-term assets cannot be reversed!

1.The New Accounting Standards for Business Enterprises (2006) divides the issue of asset impairment reversal into two categories: long-term assets (such as fixed assets, intangible assets, etc.) shall not be reversed as asset impairment provisions, and non-long-term assets (inventory, financial assets, bad debts, etc.) may be reversed.

2.Asset impairment loss is an account of the new accounting standard for business enterprises, and asset impairment provision is an account of the old accounting standard for business enterprises.

3.At the time of accrual.

Borrow: Asset impairment loss.

Credit: fixed assets (or intangible assets, long-term equity investments), asset impairment provisions, inventory decline provisions (or bad debt provisions, etc.).

Borrowed when reversed: provision for decline in value of inventory (or provision for bad debts, etc.).

Credit: Asset impairment loss.

Take a closer look at the CPA textbook "Asset Impairment".

Inventory impairment can be reversed.

Inventory impairment reversal refers to when the influencing factors of the previous write-down of the inventory value have disappeared.

Answer: If it is not other influencing factors that cause the net realizable value of inventory to be higher than the cost in the current period, the amount written down should be restored and reversed within the original provision for inventory decline, and the amount reversed shall be included in the profit or loss (asset impairment loss) for the current period.

Some cases are:

bai can be turned back to du

For example, the loss of asset impairment is accrued.

Provision for bad debts. DAO, if the provision for bad debt rights accrued at the beginning of the new version of the year is less than the balance at the beginning of the year, it can be reversed.

However, when the impairment of long-term equity investment is recognized on the balance sheet date, the asset impairment loss is recorded, which cannot be reversed in subsequent years.

If a fixed asset is impaired at the balance sheet date, the provision for impairment of fixed assets cannot be reversed.

The impairment provision for short-term assets can be reversed, but the long-term assets cannot be reversed!

Except for the impairment provision of inventory, which can be reversed, the impairment of other assets is not allowed to be reversed, such as: fixed assets, long-term equity investment.

Present value of the minimum payment Why use 270000*( Why not 270000*p a(6% 3)?)

The rules of the transaction are ** priority, time priority. Which is higher should refer to the highest order, the highest order is better than the low order, which follows the principle of which is higher, that is, the higher price wins. Sell is the opposite, and the lower sell is preferred. **The same follows the principle of time first.

Generally, the principle of higher or lower is used in the following places:

In the impairment of assets, the principle of higher should be applied to determine the recoverable amount: the recoverable amount of the asset should be based on the fair value of the asset.

The higher of the net amount after deducting disposal costs and the present value of the asset's projected future cash flows is determined.

In the impairment of an asset group, the book value of each asset after the deduction.

It must not be lower than the highest of the following three:

1. The fair value of the asset less the cost of disposal.

2. The present value of the asset's projected future cash flows.

3. Zero (mostly refers to goodwill.

Fixed asset. Which is higher and which is lower in accounting:

1. The recorded value of fixed assets under financial lease: the lower of the fair value of the leased asset and the present value of the minimum lease payment.

Second, the depreciation period selection:

1. If the ownership of the fixed assets acquired by financial lease can be reasonably determined at the expiration of the term, depreciation shall be accrued within the service life of the leased assets.

Otherwise, depreciation should be accrued for the shorter period of the lease term and the remaining useful life of the leased asset.

2. The decoration cost of fixed assets --- included in the second-level account "fixed asset decoration", and the depreciation shall be calculated separately in a reasonable way within the shorter period between the two decoration periods and the remaining service life of the fixed assets.

3. The decoration cost of fixed assets leased by financial lease shall be depreciated separately by a reasonable method within the shorter period of the interval between two decorations, the remaining lease period and the remaining useful life of the fixed assets.

4. The improvement expenses incurred in the fixed assets under operating lease shall be amortized in a reasonable way within the shorter period of the remaining lease term and the remaining useful life of the leased assets.

It's not what you say, there are two levels of recognition of asset impairment.

According to the Accounting Standards for Business Enterprises, the assets stipulated in the asset impairment standards should be measured according to the lower of the book value and the recoverable amount, which is in line with the requirements of the principle of accounting prudence.

At the same time, the recognition of recoverable amount is based on the higher of the net fair value less disposal costs and the expected net future cash flows.