In accordance with the law, in certain cases, an enterprise is obliged to recalculate its property: funds and their sources. During the inventory, it may be established that the specified amount of property in the enterprise’s accounting records does not correspond to its actual availability at the storage and operation sites. Let's consider how surpluses are calculated during the inventory of fixed assets, the procedure for reflecting fixed assets identified by the inventory.
Tasks of inventory of fixed assets
The frequency and sequence of inventory of fixed assets at the enterprise is enshrined in its accounting policy. It is carried out by an inventory commission specially appointed by the head of the enterprise. During this process the following goals should be achieved:
- monitoring the correctness of the preparation of primary documentation on the movement of fixed assets;
- establishing the presence of the organization’s property at the places of operation and storage, as well as its condition;
- detection of unused, missing or unaccounted for objects;
- control of the correct determination of the value of property in accounting and their reflection in the balance sheet of the organization.
What to pay attention to
Before you start taking inventory, you need to make sure that you have:
- all registers of analytical accounting of fixed assets;
- technical documents;
- documentation for leased or rented fixed assets.
During the audit, the commission examines the property and records the name, quantity, inventory number and brief technical characteristics in the inventory. Read also the article: → “”. When buildings and structures are inspected, it is imperative to check documents confirming the legality of the enterprise’s disposal of this property.
When any errors are identified in the accounting registers regarding the fixed assets being inspected, they should be reflected in the inventory list. The document also needs to record information on objects that are not registered and discovered during the recalculation of property.
Fixed assets that have completely lost their properties, if they cannot be used further, are reflected in a separate inventory. A separate document is drawn up for rented or leased property.
How to register a find during re-registration?
During the recalculation of property, surpluses may be discovered that arise for the following reasons:
- fixed assets were previously written off, but are still in use;
- the fixed asset is operated without documents confirming the enterprise's ownership of it and is not listed in the accounting registers.
Such “finds” should be capitalized. This procedure can be represented as follows:
| Stages of capitalization of surplus | Contents of the procedure |
| Determining the value of discovered property | An organization can independently determine the fair value of a discovered object that is not registered. Sources of information can be information about similar funds on the balance sheet of the enterprise, press materials, etc. To establish the value, you can use the services of a professional independent assessment. When determining the price of an object, it is necessary to take into account its condition, degree of wear and tear |
| Documenting | The director of the organization issues an order to capitalize surplus property discovered during the inventory. Based on the order, it is necessary to draw up, in which, as information about the receipt of the object, it should be indicated that it was discovered during the inventory. Then fill out the fixed asset inventory card. Read also the article: → “”. |
| Reflection of the value of the object on the accounting accounts | The cost of objects discovered during inventory should not only be reflected in documents, but also shown in accounting |
Reflection of surpluses for accounting purposes
In accounting, discovered surpluses of fixed assets are classified as other income of the enterprise. Based on information about the discovered fixed assets in the inventory records, it is necessary to draw up an accounting statement that reflects the following entries:
- Dt 08 Kt 91/1 - for the cost of surpluses discovered during the inventory. The identified property can be used by the economic entity in the future in its activities;
- Dt 01 Kt 08 – a fixed asset item discovered during the inventory was put into operation.
Example.
Reflection of surpluses for tax accounting purposes
In tax accounting, the opportunity to reflect property as part of fixed assets appears only if the following conditions are simultaneously met:
- the object must be the property of the enterprise;
- the fixed asset will be used to generate income;
- the service life of the property must be more than 1 year;
- the initial cost of the fixed asset should not be less than 40,000 rubles.
If an object discovered during an audit of fixed assets does not meet one of the listed conditions, then it should be taken into account as part of the inventory.
Particular attention must be paid to property valuation. The initial cost of a fixed asset is the amount of its valuation. In this case, the assessment must be documented or carried out by an independent specialist. If the valuation of the discovered property is carried out by the enterprise itself, then official sources of information on the prices of similar goods can be used as a source of data on the value.
Surpluses are recognized as non-operating income; accordingly, the value of such property is subject to taxation.
Example. During an inventory of the enterprise's property carried out on October 15, 2016, a new monitor that had not been taken into account was discovered. There are no primary documents for it. It has been established that the market value of a similar model is 60,000 rubles. The commission determined the useful life of the monitor to be 50 months.
The following entries should be made in accounting:
Dt 08 Kt 91/1 = 60000 – for the cost of property discovered during the inventory;
Dt 01 Kt 08 = 60000 – the detected object is put into operation;
Dt 20, 44 Kt 02 = 60000/50 = 1200 - monthly from November 2016 for the amount of accrued depreciation.
For tax accounting purposes, you need to create another correspondence of accounts:
Dt 99 Kt 68 = 1200 * 24% = 288 – for the amount of deferred tax liability.
Identification and capitalization of surpluses under the simplified tax system
Inventory is the most accessible method of accounting for property for which there is no information in accounting or documents confirming the enterprise’s ownership of it when a legal entity applies a simplified taxation system.
In order to reflect the resulting surplus in the accounts, fixed assets should be capitalized at market value based on the results of the inventory. An enterprise applying the simplified tax system has the right to conduct an assessment of the discovered object independently, taking into account information received from the media, the Internet, price lists of stores, and internal accounting information about similar fixed assets.
The discovered property should be classified as non-operating income of the organization. Further, its value will be taken into account when determining the amount of the simplified tax. In this case, it does not matter which option the company uses:
- income;
- income minus expenses.
Surpluses of a commercial enterprise are attributed to profit, and in a budgetary enterprise - to increase financing.
Answers to pressing questions about the inventory of fixed assets
Question No. 1. What is the mandatory frequency of inventory of fixed assets?
If an inventory of cash is carried out at least once a quarter, and of working capital - at least once a year before reporting, then for fixed assets the law establishes a longer interval between inventories. Non-current assets are allowed to be audited once every three years.
Question No. 2. How to correctly assess the value of property discovered during an inventory?
If you discover property that is not listed on the balance sheet, you should first check whether its value has previously been written off, or whether such objects are recorded in off-balance sheet accounts. The cost of objects that need to be reflected in accounting can be calculated by the organization independently.
If the company recently acquired similar fixed assets, then you can evaluate the find at this cost. If there is no such property on the balance sheet, then you will have to investigate the prices. To do this, you need to study price lists of stores or other similar materials. The law does not force an enterprise to resort to an independent assessment. This is a right of a legal entity, but not an obligation.
The main condition is that the assessment of a fixed asset, carried out on its own, must have a documentary justification. This is important because the cost of property found during inventory must be attributed to non-operating income for the purpose of further taxation.
If the tax base (the value of the found object) is unreasonably underestimated, this will lead to penalties.
Question No. 3. What to do if an inventory was carried out at the end of the year and during it a surplus of fixed assets was identified. The organization independently assessed them and capitalized them. Soon it was decided to conduct an independent assessment of the property, for which an expert was brought in. The value determined by the appraiser in the report is greater than the price at which the objects are listed in the accounting records. Do any accounting adjustments need to be made?
If the assessment of property discovered during the audit, carried out independently, differs from that determined by a professional appraiser, the error should be corrected. If this is not done, questions will certainly arise from the tax inspector during future audits. This is especially true for tax accounting. Since the tax base for income tax is underestimated, it is necessary to pay the difference in the main payment, penalties and submit a new updated declaration.
If such an error is made during the year before paying income tax, then you need to take into account the new tax amount in the declaration. When studying the appraiser's report, you need to pay attention to whether the cost of the fixed asset includes VAT. In accounting, it is necessary to record the discovered fixed assets at the market price excluding VAT.
Question No. 4. At what cost should surplus fixed assets be reflected in the accounting of a budgetary institution?
Budgetary organizations, as well as enterprises engaged in commercial activities, must evaluate surpluses discovered during the recalculation of property at the market price. The cost of the object cannot be less than that at which it can actually be sold, taking into account the depreciation of the fixed asset. The assessment is carried out by a special commission appointed by the head of the enterprise.
Question No. 5. A commercial enterprise applies UTII. During an audit of fixed assets, surpluses were discovered. How will the value of discovered objects affect the amount of tax?
The cost of objects discovered during the audit of fixed assets will not affect the amount of tax in any way if the enterprise applies UTII, since when calculating the amount of this tax, only imputed income is taken into account.
The procedure for conducting an inventory of fixed assets is strictly regulated. How often the asset inventory is carried out, what its detailed procedure is, what documents must be drawn up, what accounting entries should be made based on the results of the inspection, and also what punishment will follow if unaccounted for objects come to light - read the article below.
What is inventory?
Inventory is one of the procedures for monitoring the safety of company property. Its essence is in comparing the actual availability of valuables (money, equipment, buildings, as well as liabilities) with accounting data.
The procedure for conducting an inventory of fixed assets is regulated by the following legislative acts:
- methodological guidelines for inventory of property and financial obligations (Order of the Ministry of Finance dated June 13, 1995 No. 49);
- regulations on accounting and accounting in the Russian Federation (Order of the Ministry of Finance dated July 29, 1998 No. 34n);
- Law “On Accounting” dated December 6, 2011 No. 402-FZ.
The company must conduct an inventory not only of its own property, but also of stored or leased property. The inventory is carried out at the location of the property and in the presence of the financially responsible person or the team leader, if we are talking about collective financial responsibility.
At least when should inventory be taken?
An inventory of fixed assets should be carried out at least once every 3 years, and of library collections at least once every 5 years (clause 1.5 of the Guidelines for the inventory of property and financial obligations).
The exact timing of inventory is determined by the company independently. As a rule, an asset inventory is carried out before annual reporting. However, the law establishes cases in which a company is obliged to conduct an inventory:
- transfer of property for rent;
- reorganization;
- liquidation;
- sale of property;
- change of financially responsible persons or team leader (as well as at the request of team members or when more than half of its members leave the team - for participants in a collective responsibility agreement);
- establishing facts of theft, abuse, damage to property;
- before preparing financial statements for the year;
- emergencies.
Let's study the procedure for conducting an inventory of fixed assets.
How an inventory of fixed assets is carried out: main stages and necessary accounting documents
The procedure for inventorying fixed assets is established by the head of the company in accordance with current legislation.
There are 3 main stages of inventory:
1. The organization must create an inventory commission, the composition of which is approved by the head of the company in the order to conduct an inventory of form INV-22 .
The inventory commission should include accountants, OS specialists, and company management. The absence of at least one member of the commission is unacceptable - only with 100% attendance of all inventory participants, the procedure is considered successful. In addition to the composition of the commission, INV-22 records the timing of the inventory, reasons and objects of inspection.
All inventories carried out by the company must be recorded in a journal according to form INV-23 .
Before starting the inventory, members of the commission receive current documents on the company's operating system. They are marked “before inventory on ____ (date).” Financially responsible persons confirm in writing that by the beginning of the procedure all documents on the OS were transferred to the commission.
In addition to accounting documents on OS, the commission checks:
- information that confirms the company’s ownership of buildings;
- technical passports and other technical documentation;
- analytical accounting registers;
- availability of documents for natural resource objects owned by the company.
2. During the inventory, the commission inspects the fixed assets and records them in the inventory according to INV-1 form OS name, purpose, inventory numbers and main indicators of the object.
For vehicles and equipment, the inventory must indicate the serial number in accordance with the manufacturer's technical passport, year of manufacture, purpose, power.
OSes of the same type, which arrived at the organization at the same time and are recorded on the group accounting inventory card, are indicated in the inventory by name with an indication of quantity.
Assets that are not in the company at the time of inventory (except for those leased), for example, a ship or train has been sent on a voyage, are checked until their temporary absence.
3. Discrepancies between actual and accounting data are identified. Discrepancies between accounting data and the actual state of fixed assets recorded in INV-1 are reflected in the matching statement form INV-18.
The statement is drawn up in 2 copies: one for the accounting department, the second for the financially responsible persons, and the commission requests from them written explanations of the reasons for the discrepancies.
OSes that are under repair during the inventory are reflected in the statement of form INV-10 indicating the cost and expenses of the enterprise for repairs.
For fixed assets transferred for lease or safekeeping, a separate inventory is drawn up indicating documents confirming the acceptance of the property by the counterparty.
Also, a separate inventory is drawn up for fixed assets that cannot be used in the company’s business activities and cannot be restored: members of the commission indicate the time of commissioning and the reasons why it is now impossible to use the property.
If during the reconstruction or restoration of the OS the purpose of the object has changed, then new information should be added to the inventory. If, as a result of the work carried out, the book value of the fixed assets has changed, but this data is not recorded in accounting, then this fact should be reflected in the inventory.
If the inventory commission reveals errors in the characteristics of objects, then the commission members include the correct information and technical indicators in INV-1.
Officials demand that unaccounted fixed assets identified during the inventory be equated to non-operating income (clause 20 of Article 250 of the Tax Code of the Russian Federation) and subsequently accrue depreciation on it in accordance with the market value and actual wear and tear recorded by the inventory commission. Information about the cost of fixed assets must be confirmed by documents or by examination (clause 10.3 of PBU 9/99).
ATTENTION! A depreciation bonus cannot be applied to unaccounted for fixed assets discovered during the inventory.
The inventory results are recorded in the statement of form INV-26.
Postings during OS inventory: example
Before the annual reporting, the company Sigma LLC conducted an inventory of fixed assets. As a result of comparison of accounting and actual data, the following was revealed:
- shortage of a hydraulic machine with a purchase price of 42 thousand rubles. (28 thousand rubles residual value and 14 thousand rubles depreciation);
- shortage of a laptop (the culprit is Samokhin L. E.) worth 52 thousand rubles. (36 thousand rubles residual value and 16 thousand rubles depreciation);
- surplus hydraulic pump with a market value of 45 thousand rubles.
In accounting, the accountant recorded the following entries:
|
Amount (thousand rubles) |
Wiring Description |
Documentation |
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|
|||||||||
|
01 disposal |
The original cost of the hydraulic machine was written off |
Act on write-off of fixed assets in form OS-4 |
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|
01 disposal |
depreciation of the hydraulic machine was written off |
||||||||
|
01 disposal |
The residual value of the hydraulic machine has been written off94 |
01 disposal |
The residual value of the laptop has been written off |
||||||
|
The shortage was attributed to Samokhina L.E. |
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|
The difference between the residual value of a laptop and the market value |
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|
The cost of the laptop was withheld from L. E. Samokhina’s salary. |
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ATTENTION! The amount of damage caused by the shortage can be withheld from the employee’s salary within the limit - no more than 20% of the monthly salary (Article 138 of the Labor Code of the Russian Federation).
According to paragraph 36 of the Methodological Recommendations for the accounting of fixed assets, approved by Order of the Ministry of Finance dated October 13, 2013 No. 91n, unaccounted for fixed assets identified during the audit are taken into account in the fixed assets accounts at market value. Therefore, the hydraulic pump should be registered with the following wiring:
- Dt 08 Kt 91 - the hydraulic pump discovered during the inventory was capitalized;
- Dt 01 Kt 08 - hydraulic pump put into operation
Results
OS inventory is a mandatory procedure that allows a company to control its own property. Another reason why a company should be interested in conducting checks of the actual availability of property is increased fines for accounting errors (Article 15.11 of the Administrative Code as amended by Law No. 77-FZ of March 30, 2016). If the tax authorities themselves, during the audit of the company, discover unaccounted for property, this means a distortion of the accounting reporting item. If it is 10% or more, then the minimum fine is 5,000 rubles.
Read about what fines a company can expect for accounting errors and how to correct them correctly.
"Financial newspaper", 2009, N 35
Question: During the inventory, the Federal State Unitary Enterprise identified real estate objects. From what moment are these objects subject to taxation: from the date of approval of the inventory results by the manager or from the date of amendments to the authorized capital?
Answer: In accordance with Art. 374 of the Tax Code of the Russian Federation, the object of taxation for the property tax of organizations is movable and immovable property (including property transferred for temporary possession, use, disposal or trust management contributed to joint activities), accounted for on the balance sheet as fixed assets in accordance with the established procedure accounting.
The rules for the formation in accounting of information about the organization’s fixed assets (except for credit and budgetary assets) are established by Orders of the Ministry of Finance of Russia dated March 30, 2001 N 26n “On approval of the Accounting Regulations “Accounting for Fixed Assets” PBU 6/01” (as amended on November 27. 2006) and dated October 13, 2003 N 91n “On approval of the Guidelines for accounting of fixed assets.”
According to the Federal Law of November 21, 1996 N 129-FZ “On Accounting”, the procedure for conducting an inventory is determined by the head of the organization.
The inventory of fixed assets is regulated by the Methodological Guidelines for the Inventory of Property and Financial Liabilities, approved by Order of the Ministry of Finance of Russia dated June 13, 1995 N 49.
Clause 3.2 of Methodological Instructions No. 49 determines that when making an inventory of buildings, structures and other real estate, the commission checks the availability of documents confirming the location of these objects in the ownership of the organization, the availability of documents for land plots, reservoirs and other natural resource objects owned by the organization.
Based on clause 3.3 of Methodological Instructions No. 49, when identifying objects that have not been registered, the commission must include information and technical indicators for these objects in the inventory. The assessment of unaccounted for objects identified by the inventory must be made taking into account market prices, and depreciation is determined based on the actual technical condition of the objects, with information about the assessment and depreciation recorded in the relevant acts.
Proposals to regulate discrepancies between the actual availability of values and accounting data identified during the inventory are submitted for consideration to the head of the organization, who makes the final decision. All fixed assets listed in the inventory list are in the custody of the manager. In accounting, surpluses are subject to capitalization at market value on the date of inventory and credited, accordingly, to the financial results of the organization with the subsequent establishment of the causes of the surplus and the perpetrators. The results of the inventory must be reflected in the accounting and reporting of the month in which the inventory was completed, and for the annual inventory - in the annual accounting report (clauses 5.1 and 5.5 of Methodological Instructions No. 49, clause 28 of the Regulations on Accounting and Accounting reporting in the Russian Federation, approved by Order of the Ministry of Finance of Russia dated July 29, 1998 N 34n (as amended on March 26, 2007)).
The cost of fixed assets is repaid by calculating depreciation (clause 17 of PBU 6/01) in accordance with the methods established by clause 18 of PBU 6/01. The useful life of an item of fixed assets is determined by the organization when accepting the item for accounting (clause 20 of PBU 6/01).
The accrual of depreciation charges for an object of fixed assets begins on the 1st day of the month following the month in which this object was accepted for accounting, and is carried out until the cost of this object is fully repaid or this object is written off from accounting (clause 21 of PBU 6/01).
According to clause 38 of Methodological Instructions No. 91, the acceptance of fixed assets for accounting is carried out on the basis of an act (invoice) of acceptance and transfer of fixed assets approved by the head of the organization, in particular for real estate - in form N OS-1a “Act of acceptance and transfer of a building ( structures)", approved by Resolution of the State Statistics Committee of Russia dated January 21, 2003 N 7, which provides for the requisite "state registration of rights".
In accordance with paragraph 1 of Art. 131 of the Civil Code of the Russian Federation, ownership and other real rights to immovable things, restrictions on these rights, their emergence, transfer and termination are subject to state registration in the unified state register by the bodies carrying out state registration of rights to real estate and transactions with it. The right of ownership, the right of economic management, the right of operational management, the right of lifelong inheritable possession, the right of permanent use, mortgage, easements, as well as other rights in cases provided for by this Code and other laws are subject to registration.
The legal status of a state unitary enterprise and a municipal unitary enterprise, the rights and obligations of the owners of their property, the procedure for the creation, reorganization and liquidation of a unitary enterprise are determined in accordance with the Civil Code of the Russian Federation, Federal Law of November 14, 2002 N 161-FZ "On State and Municipal Unitary Enterprises" ( ed. dated December 1, 2007).
The property of a state (municipal) unitary enterprise belongs by right of ownership to the Russian Federation, a constituent entity of the Russian Federation or a municipal entity (Article 2 of Law No. 161-FZ).
Article 14 of Law N 161-FZ establishes that an increase in the authorized capital of a state or municipal enterprise is allowed only after its formation in full, including after the transfer to the state or municipal enterprise of real estate and other property intended to be assigned to it under the right of economic management. Simultaneously with the decision to increase the authorized capital of a state or municipal enterprise, the owner of its property makes a decision to make appropriate changes to the charter of such an enterprise.
Consequently, the property identified by a unitary enterprise as a result of an inventory can belong to it only under the right of economic management or under the right of operational management.
According to paragraph 2 of Art. 11 of Law N 161-FZ, the right to property assigned to a unitary enterprise on the right of economic management or on the right of operational management by the owner of this property arises from the moment of transfer of such property to the unitary enterprise, unless otherwise provided by federal law or established by the owner’s decision on the transfer of property unitary enterprise.
The concept of “transfer of property” is defined in Art. Art. 224, 556, 563 of the Civil Code of the Russian Federation, from which it follows that property passes to the unitary enterprise from the owner from the moment it comes into the possession of the unitary enterprise under the act of acceptance and transfer. Consequently, from this date, real estate objects are subject to corporate property tax.
N. Gavrilova
State Advisor
civil service
Russian Federation 3rd class
Signed for seal
26.08.2009
We are a budget organization. During the inventory, an unaccounted fountain was discovered in one of the public gardens. Please tell me how to properly register it? Can it be classified as a structure? Do we have to pay property tax on such an object?
Answer
We report the following: 1. In this case, specialists from regulatory agencies recommend making adjustments as follows:
if you need to restore the balance in your accounting (for example, based on inventory results, instructions from inspectors), then use account 0.401.10.180 “Other income” to restore the balance.
Therefore, the unaccounted for fountain must be reflected in accounting using account 0.401.10.180 (as the amount of surplus discovered as a result of the inventory):
Debit 0.101.X3.310 Credit 0.401.10.180 – surplus structures identified during inventory were capitalized. This will not lead to distortion of the reporting period's indicators due to errors from previous years. There is no need to correct records for settlements with contractors, since all settlements for this operation were completed and closed in previous years.
Make corrections in accounting using an additional accounting entry and document it with a primary accounting document - a certificate (f. 0504833). The cost of surpluses identified during the inventory is recognized as non-operating income (Clause 20, Article 250 of the Tax Code of the Russian Federation). Therefore, the market value of the surplus must be included in income and income tax must be calculated on it.
2. In accordance with the All-Russian Classification of Fixed Assets (OKOF), a fountain created as part of landscaping is classified as fixed assets and can be classified as other structures not included in other groups (OKOF code 12 0001090). Therefore, the fountain must be taken into account as part of fixed assets in account 0.101.03.000 “Structures” (clause 53 of the Instructions to the Unified Chart of Accounts No. 157n).
3. The legislation does not establish a specific list of real estate objects, but only a general criterion for classifying property as real estate.
In particular, immovable things include everything that is firmly connected to the ground. That is, objects whose movement without disproportionate damage to their purpose is impossible (Clause 1, Article 130 of the Civil Code of the Russian Federation). As judicial practice shows, the sign by which an object can be classified as real estate is the purpose of the site on which it is located. Property can be recognized as real estate only if it is created as a real estate object in the manner prescribed by law and other legal acts, with the receipt of the necessary permits and compliance with urban planning norms and rules on a land plot provided specifically for the construction of a real estate object.
Therefore, it is more correct to consider the fountain as part of movable property.
4. There is no need to pay tax on movable property registered as fixed assets from January 1, 2013. But on the basis of a new norm - paragraph 25 of Article 381 of the Tax Code of the Russian Federation. Thus, the fountain, which is movable property, is recognized as an object of taxation, but it is subject to benefits on the basis of paragraph 25 of Article 381 of the Tax Code of the Russian Federation, according to which
it is exempt from taxation.
The rationale for this position is given below in the materials of the Glavbukh System
Accounting
In accounting, unaccounted for items (surpluses) identified at , reflect on account 0.401.10.180 “Other income” in correspondence with property accounting accounts.
Account for property at its current appraised value, that is, at the value that can be obtained as a result of its sale. Information about the level of current prices must be confirmed by documents or through an examination. This is stated in the Instructions to the Unified Chart of Accounts No. 157n (,).
Reflect the surplus in the month in which the inventory was completed (an act of the inventory commission was drawn up) (Methodological instructions approved).*
The procedure for recording surpluses identified during the inventory in accounting depends on the type of institution.
In accounting for budgetary institutions:
Unaccounted for objects identified during the inventory are reflected by posting:
Debit 0.101.34.310 (0.101.24.310, 0.102.30.320, 0.103.13.330, 0.105.21.340, 0.201.34.510, 0.201.35.510...) Credit 0.401.10.180
– unaccounted for objects (fixed assets, intangible assets, non-produced assets, inventories, etc.) identified during the inventory have been capitalized.*
This procedure is established by paragraphs, Instructions No. 174n, Instructions to the Unified Chart of Accounts No. 157n (accounts,).
BASIC
In budgetary and autonomous institutions, when calculating income tax, take into account unaccounted-for objects identified during inventory as part of non-operating income ().
Determine income based on (clause and article 274 of the Tax Code of the Russian Federation).*
Include the market value of property as part of income when calculating income tax in the month when the inventory is completed (an inventory commission report is drawn up). Do this regardless of which method of determining the tax base the institution uses - accrual or cash. This follows from Article 271 and Article 273 of the Tax Code of the Russian Federation.
The cost of surplus material reserves when used in production (when performing work, providing services) is taken into account as part of material costs. In this case, the cost that can be taken into account in expenses when calculating income tax is defined as the amount that was previously included in income. This is stated in paragraph 2 of Article 254 of the Tax Code of the Russian Federation.
Apply this procedure even if the institution sells excess inventories ().
Surplus fixed assets when used in activities aimed at generating income are recognized (). Determine their initial cost in the manner prescribed by paragraph 1 of Article 257 of the Tax Code of the Russian Federation. That is, take as a basis the market price of the property - exactly the one that previously generated non-operating income (). And based on this cost, depreciate the fixed asset identified as a result of inventory (
