Fixed assets accounting
Borrow: fixed assets-500,000 production machine tools.
VAT payable has been accounted for.
Taxes payable-VAT payable (input tax) 500,000 *17% = 85,000.
Bank deposit entry
Loan: 585,000 yuan in bank deposit.
depreciate
Monthly depreciation of 20 15 years = original value *( 1- estimated net salvage value rate)/service life/1February = 500,000 * (1-5%)/8/12 = 494.
Cumulative depreciation entry
20 15 years accumulated depreciation amount = monthly depreciation amount *10/month (the depreciation of fixed assets is stipulated in the tax law, and it shall be accrued from the next month of entry) = 4947.92 * 1 1 = 54427.1.
Accounting of manufacturing expenses
Debit: manufacturing expenses 4947.92