RESOLUTION OF THE MINISTRY OF ECONOMICS OF THE REPUBLIC OF BELARUS, MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS AND MINISTRY OF ARCHITECTURE OF THE REPUBLIC OF BELARUS

of February 27, 2009 No. 37/18/6

About approval of the Instruction about procedure for depreciation of fixed assets and intangible assets

Based on Item 2 of the resolution of Council of Ministers of the Republic of Belarus of November 16, 2001 No. 1668 "About measures for ensuring transition to new conditions of depreciation" the Ministry of Economics of the Republic of Belarus, the Ministry of Finance of the Republic of Belarus and the Ministry of Architecture of the Republic of Belarus POSTANOVLYAYUT:

1. Approve the Instruction about procedure for depreciation of fixed assets and intangible assets it (is applied).

2. The organizations and individual entrepreneurs have the right to perform depreciation on the objects which were registered as a part of fixed assets and intangible assets before the date of entry into force of this resolution before completion of fixed term of depreciation according to this resolution or with the procedure for depreciation of these objects established by the organization (individual entrepreneur) according to the legislation existing before entry into force of this resolution.

3. This resolution becomes effective since July 1, 2009.

Approved by the Resolution of the Ministry of Economics of the Republic of Belarus, the Ministry of Finance of the Republic of Belarus and the Ministry of Architecture of the Republic of Belarus of February 27, 2009 No. 37/18/6

The instruction about procedure for depreciation of fixed assets and intangible assets

Chapter 1. General provisions

1. This Instruction determines conditions of regulation of process of reproduction of the fixed assets including reflected in financial accounting of the organization (in accounting at the individual entrepreneur) as profitable attachments in tangible assets (including the investment real estate), and also being objects of finance lease (leasing) (further – fixed assets), and intangible assets. This Instruction is not subject to application concerning the property reflected in off-balance accounts of financial accounting.

This Instruction can not be applied concerning accepted since January 1, 2023 to financial accounting as fixed assets of stock, economic accessories, tools, the special equipment (the special tool, special devices, the special equipment) if the procedure for depreciation of these fixed assets is established by regulations on accounting policy of the organization.

The depreciation of fixed assets and intangible assets is made according to this Instruction if other is not established by legal acts, resolutions of Council of Ministers of the Republic of Belarus.

2. The Item is excluded according to the Resolution of the Ministry of Economics of the Republic of Belarus, the Ministry of Finance of the Republic of Belarus and the Ministry of Architecture of the Republic of Belarus of 19.12.2019 No. 25/79/70

3. The cost of the fixed asset objects and intangible assets which are at the organization on the property right (economic maintaining, operational management) by means of depreciation:

3.1. on the objects which are registered on financial accounting on balance sheet accounts:

by the commercial organization it is compensated as a part of entrepreneurial incomes and (or) is included other expenses on the current activities, other expenses;

by non-profit organization (except for budget) it is compensated as a part of entrepreneurial incomes, performed within allowed by the legislation and constituent documents, and (or) is included other expenses on the current activities, other expenses, and (or) is charged to target financing;

belongs state-financed organizations at the expense of means of budget, other financing;

3.2. by the individual entrepreneur recording fixed asset objects and intangible assets in books of fixed asset accounting and intangible assets respectively it is compensated as a part of the income from its business activity.

4. Depreciation as process of transferring of cost of fixed asset objects and intangible assets on the cost of the made (rendered) with their use in the course of business activity goods, works, services includes:

4.1. distribution of depreciable cost of fixed asset objects and intangible assets between the accounting periods constituting in total the settlement (expected) service life, the rational method chosen by the organization independently according to this Instruction;

4.2. systematic inclusion by the organization (except for budget) the part of cost of the used fixed asset objects and intangible assets relating to this accounting period (further - the depreciation charges):

in production costs with reflection in financial accounting on the debit of accounts 20 "Main production", 23 "Auxiliary productions", 25 "General production costs", 26th "General business costs", 29 "Productions of services and farms" (on condition of the isolated accounting of their business activity) in correspondence with the credit of accounts 02 "Fixed asset depreciation" and 05 "Depreciation of intangible assets";

in expenses on realization with reflection in financial accounting on the debit of account 44 "Expenses on realization" in correspondence with the credit of accounts 02 "Fixed asset depreciation" and 05 "Depreciation of intangible assets";

in other expenses on the current activities with reflection in financial accounting on the debit of account 90 "The income and expenses on the current activities" or other expenses with reflection in financial accounting on the debit of account 91 "Other incomes and expenses" in correspondence with the credit of accounts 02 "Fixed asset depreciation" and 05 "Depreciation of intangible assets".

To used in business activity also the objects given to free use to third parties for implementation by them belong:

sales of goods, made (sold) by the commercial organizations transferring such objects, implementation of works (services) of data of the commercial organizations;

productions of goods (works, services) for these commercial organizations.

5. The depreciation charges from the cost of the commercial organizations of fixed asset objects (their all-in cost or part) which are not used in business activity and intangible assets are included other expenses on the current organization activity with reflection in financial accounting on the debit of account 90 "The income and expenses on the current activities" in correspondence with the credit of accounts 02 "Fixed asset depreciation" and 05 "Depreciation of intangible assets". When conducting separate accounting of business activity of productions of services and farms the depreciation charges from the cost of fixed asset objects of productions of services and farms in financial accounting are reflected on the debit of account 29 "Productions of services and farms" in correspondence with the credit of accounts 02 "Fixed asset depreciation" and 05 "Depreciation of intangible assets". In case of write-off of the depreciation charges as a part of expenses of non-commercial activities of productions of services and farms - on the debit of account 90 "The income and expenses on the current activities" in correspondence with account 29 credit "Productions of services and farms".

The specified procedure is applied including on the objects transferred to third parties to free use, except as specified, specified in part two of subitem 4.2 of item 4 of this Instruction.

Reflection of depreciation of fixed asset objects and intangible assets of state-financed organizations on accounts of financial accounting is performed according to the resolution of the Ministry of Finance of the Republic of Belarus of October 31, 2012 No. 60 "About approval of the Instruction for financial accounting of fixed assets in state-financed organizations and recognition voided some resolutions and separate structural element of the resolution of the Ministry of Finance of the Republic of Belarus concerning financial accounting" and the Instruction for financial accounting of intangible assets in state-financed organizations approved by the resolution of the Ministry of Finance of the Republic of Belarus of April 30, 2012 No. 25.

6. For carrying out depreciation policy in the organization the commission from among the specialists of technical, production and technology, information and technology, financial and economic, accounting and legal divisions of the organization who are available in the state is created (further – the commission). The commission performs functions according to the list of functions of the commission on carrying out depreciation policy according to appendix 1. The structure of the commission and procedure for its work affirms the head of the organization (authorized by it person). These functions are performed by the individual entrepreneur directly.

Results of work of the commission on carrying out depreciation policy are drawn up by protocols in which references to records in regulations on accounting policy of the organization and the relevant source accounting documents are contained.

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