Accounting treatment of scrapping fixed assets of public institutions?

When the fixed assets of public institutions are scrapped, the original value of the fixed assets shall be reduced and borrowed: fixed**.

Credit: Fixed Assets.

The salvage value conversion income and disposal expenses of scrapped and damaged fixed assets are included in the repair and purchase of special accounts.

Borrow: Cash. Credit: Special**-Repair**.

For the scrapping of fixed assets of public institutions, the general equipment shall be written off after approval by the person in charge of the unit, and shall also be appraised by the relevant departments and submitted to the competent department, the state-owned asset management department, and the financial department for approval. The accounting treatment of scrapped fixed assets should be based on the reduction of the original value of the fixed assets.

Borrow: Fixed**.

Credit: Fixed Assets.

The income incurred in the liquidation shall be debited according to the actual price received: bank deposits.

Credit: Special**-Repair**.

The salvage value income and disposal costs of scrapped and damaged fixed assets are included in the "special **-repair purchase**". The scrapping of fixed assets of public institutions is different from the accounting system of enterprises, that is, there is no "liquidation of fixed assets" account.

Scrap entry: borrow: fixed**.

Credit: Fixed Assets.

Recovery of salvage value conversion income.

Borrow: Bank deposit.

Credit: Other payables, etc. (because some institutions have to hand over this part of the disposal income) or if they do not want to be handed over, they can be included in "other income", or "special ** - repair and purchase" (applicable to the sale income can be used for the purchase and construction of fixed assets in the future).

Borrow: Fixed**.

Credit: Fixed assets (original book value).

Borrow: Bank deposit.

Credit: Special**-Repair** (Variable Income).

Entries:

Borrow: Fixed**.

Credit: Fixed Assets.

If the enterprise accounting system is used, there will be non-operating income and expenditure.

At the end of the liquidation period, the fixed assets should be settled (scrapped and approved) and transferred to related expenditures.

Accounting treatment of fixed assets liquidation of public institutions:

The fixed assets of public institutions are non-current assets, which can be used for a long time and maintain their original physical form. In order to reflect the acquisition, accrual, disposal, etc., it is necessary to set up accounts such as fixed assets of public institutions for accounting processing.

Physical form. It is the physical form of fixed capital that is used to change or affect the labor object in the production process of products. Fixed assets can play a long-term role in the production process and maintain the original physical form for a long time, but their value is gradually transferred to the cost of products with the production and operation activities of the enterprise, and constitutes an integral part of the product value. According to the important principle, an enterprise divides the labor materials into fixed assets and low-value consumables according to their useful life and original value.

According to Article 26 of the Interim Measures for the Management of State-owned Assets of Public Institutions issued by Decree No. 36 of the Ministry of Finance, "the disposal of buildings, land and vehicles occupied and used by public institutions, the write-off of losses of monetary assets, and the disposal of assets with unit value or batch value above the prescribed limit."

After being reviewed by the competent department, it shall be submitted to the financial department at the same level for approval; The disposal of assets below the prescribed limit shall be submitted to the competent department for examination and approval, and the competent department shall regularly report the results of the examination and approval to the financial department at the same level for the record". According to the above provisions, the scrapping of fixed assets of units should be handled in strict accordance with the relevant provisions of the Interim Measures for the Management of State-owned Assets of Public Institutions.

Accounting treatment of the scrapping of fixed assets of public institutions: when the scrapping is delayed: borrow: fixed ** credit: the approval of fixed assets is used as the original voucher to obtain the valuation income.

The scrapping of fixed assets refers to the abandonment of fixed assets due to participation in production or some special reasons, and the loss of their use value. When the fixed assets are scrapped, the application should be submitted by the use department and the fixed assets management department, and the "fixed assets scrapping form" should be filled in according to the scrapping and liquidation object, detailing the technical status of the fixed assets and the reasons for scrapping, and the technical appraisal shall be carried out by the relevant departments, and the certificate of the fixed assets liquidation business shall be used as the enterprise to carry out the liquidation of fixed assets after the approval of the enterprise leaders or superior departments, so as to clean up.

After being reviewed and approved by the relevant departments, the "fixed assets scrapping form" shall be sent to the accounting department as the basis for organizing the liquidation and accounting of fixed assets.

Fixed asset scrapping treatment method:

There are two situations for the scrapping of fixed assets: one is that they cannot be used again due to wear or obsolescence; Li Zhongmo is due to technological progress, which must be replaced by advanced equipment. The scrapping of fixed assets, on the one hand, due to the withdrawal of fixed assets from the enterprise, caused by the reduction of fixed assets, on the other hand, some cleaning costs will occur in the liquidation process, and at the same time, a certain amount of valuation income may be obtained.

Therefore, the accounting for the retirement of fixed assets should be carried out in accordance with the following procedures:

1) Write off the original value and depreciation amount of scrapped fixed assets. According to the net value of fixed assets, the "Fixed Assets Disposal" account is debited; The "Accumulated Depreciation" account is debited according to the amount of depreciation that has been withdrawn; The Fixed Assets account is credited to the original value of the fixed asset.

2) Carry forward the value of residual materials and the income from the sale of goods. According to the value of the recovered residual materials and the income from the sale of goods, the accounts of "bank deposits" and "raw materials" are debited, and the accounts of "disposal of fixed assets" are credited.

3) Pay for the cleanup. The "Fixed Assets Disposal" account is debited and the "Bank Deposit" account is credited according to the disposal costs incurred.

4) Net profit or loss after carry-forward liquidation. The net income after the disposal of fixed assets shall be debited to the account of "Disposal of Fixed Assets" and credited to the account of "Income from Non-operating Income and Income from Disposal of Fixed Assets"; The net loss after the disposal of fixed assets is debited to the "Non-operating expenses and losses on fixed assets" account and credited to the "Fixed Assets Disposal" account.

Administrative institutions are aware of the accounting treatment of the scrapping of fixed assets, and can adopt the "scrap loss accrual method", that is, the scrapping loss is accrued on the scrapping date and recorded in the scrapping loss account, and the original value is deducted from the original fixed asset account.

1. Provision for scrapping losses: On the scrapping date, the unit will subtract the net residual value of the scrapped assets from the original value of the scrapped assets, that is, the scrapping losses will be accrued and recorded in the scrapping loss account, and the original value will be deducted from the original fixed assets account. Wu Xin.

2. Disposal of scrapped assets: Scrapped assets can be scrapped by subtracting the net residual value of scrapped assets from the income of ***, which is scrapped income, which is credited to the scrapped income account, and the scrapped loss is deducted from the scrapped loss account.

3. Transfer of scrapped assets: Scrapped assets can be transferred, and the transfer price of scrapped assets minus the net residual value of scrapped assets is the scrapped income, which is credited to the scrapped income account, and the scrapped loss is deducted from the scrapped loss account.

4. Scrapping of scrapped assets: when scrapped assets cannot be scrapped or transferred, they can be scrapped directly, the net residual value of scrapped assets is zero, and the scrapping loss is equal to the original value of scrapped assets, which is credited to the scrapped loss account, and the original value is deducted from the original fixed assets account.

The above is the specific method of accounting treatment of the scrapping of fixed assets of administrative institutions, in which the provision for scrapped losses is the basis of accounting treatment, and the scrapped income account is the focus of accounting treatment.

Legal analysis: The procedures for reporting the scrapping of fixed assets of administrative institutions are as follows:

1. The user submits an application, fills in the application form for asset scrapping, and submits it to the relevant departments for approval;

2. Review and confirm by the competent department of equipment;

3. The supervisor shall approve it;

4. Clean up assets and dispose of residual value;

5. The financial department reviews and handles the accounts;

6. Approved by the general manager's office meeting;

7. The financial department writes off the assets.

Legal basis: Article 5 of the Measures for the Management of Fixed Assets of Administrative Institutions The Administration Bureau of Administrative Institutions is responsible for the definition of the property rights of state-owned assets of administrative institutions, the liquidation of assets and the verification of funds, etc., and is responsible for formulating the standards for the allocation and use of fixed assets, and the unified purchase of fixed assets included in the scope of policy procurement; Responsible for the adjustment of idle assets, and guide and supervise the management of fixed assets of various hidden departments; The state-owned assets management departments of each department are responsible for the day-to-day management of the fixed assets of their own departments, and supervise and manage the fixed assets occupied by public institutions and economic entities that are subject to enterprise management.

Scrap entry: borrow: fixed**.

Credit: Fixed Assets.

Recovery of salvage value conversion income.

Borrow: Bank Deposit Rotation Money.

Credit: Other payables.

For those who do not meet the standard of fixed assets of the enterprise, the net value should be confirmed according to the assessment:

Borrow: low-value consumables.

Credit: Career**-General**.

The accounting treatment of the scrapping of fixed assets of public institutions usually includes the following steps:

Asset impairment provision: An impairment provision is made for a retired asset and its value is deducted from the asset account. The amount of the impairment provision is usually the carrying amount of the retired asset minus its estimated salvage value.

Asset write-off: Write-off of retired assets from the fixed asset account, while the impairment provision is included in the profit and loss account to reflect the loss of the retired assets.

Asset disposal: Asset disposal is carried out according to the scrapping plan, and can be disposed of by auction, transfer, donation or scrapping and damage. The income or expenses incurred in the process of disposal shall be recognized in accordance with the corresponding accounting treatment standards.

Accounting records: According to the actual operation chain and disposal results, the income or expenses from asset disposal are recorded in the corresponding accounting accounts to ensure that the disposal of scrapped assets is accurately reflected.

It should be noted that the accounting treatment of the scrapping of fixed assets of specific public institutions may be affected by laws and regulations, accounting standards and internal regulations of the organization. If you need to talk and laugh and do an assessment, please nod your head to consult or contact Zhenglian Kunqi for third-party evaluation consultation.

The accounting treatment of the scrapping of fixed assets of public institutions shall be carried out in accordance with the provisions of the "Accounting System" and the "Accounting Standards". When scrapping, the fixed **, loan fixed assets should be approved as the original voucher, and after obtaining the income from the sale, the cash borrowed and the bank should be omitted to pay the special financial account. When handed over to the financial department, borrow the money due to the special financial account and borrow cash.

When the financial department returns, the amount shall be included in the corresponding income according to the financial arrangement. When it is scrapped, it will be reported to the financial department for approval, and the value of the assets to be disposed of is 22,000, the accumulated depreciation of fixed assets is 8,000, and the fixed assets are 30,000.