Fixed assets, inventories Fixed assets are accounted for in accounts according to their accounting in the initial assessment, with the exception of value added tax. Depreciation of fixed assets is calculated in a linear manner (monthly, in equal parts, based on the useful life ). Fixed assets for accounting purposes are understood to be part of the assets of an NGO with a useful life exceeding 12 months, used as labor tools for the provision of services, management of the organization, as well as in cases provided for by sanitary and hygienic, technical and operational and other special technical standards and requirements. The limit on the cost of items to be accepted for accounting as part of fixed assets is set at an amount of 120,000 rubles , including value added tax. Inventories are recorded at their actual cost, which includes all costs associated with the acquisition, delivery and bringing them to a condition suitable for use for production purposes, excluding VAT. Inventories (other than non-current inventories) they are written off for the expenses of NPOs when they are transferred to operation by a financially responsible person on the basis of a requirement/act of commissioning or on the basis of a duly approved report of a financially responsible person on their use.
