Our company transferred a fully depreciated car with the original value of 320,000, accumulated depreciation of 304,000 and transfer price of 80,000. How to deal with the accounts and what taxes should be paid? Dispose of used cars and pay VAT.

Debit: fixed assets settlement 1.6

Accumulated depreciation 30.4

Loans: fixed assets-cars 32

Debit: Bank deposit 8

Loans: Liquidation of fixed assets 8

Debit: fixed assets liquidation 0. 1792

Taxes payable on loans-VAT payable 8 * 0.02 = 0.16 (to be handled before 2009)

Taxes payable-urban construction tax 0.16 * 0.07 = 0.0112.

Taxes payable-education surcharge 0. 16*0.03=0.0048

Taxes payable-local education surcharge 0. 16*0.02=0.0032

Debit: fixed assets liquidation 8- 1.6-0. 1792.

Loan: non-operating income 6.2208

1. If the fixed assets purchased or made by ordinary taxpayers before June 1 2009 are used and then sold abroad, the value-added tax will be levied at a reduced rate of 4%;

2. If the general taxpayer purchases or manufactures fixed assets after June 5438+1 October 20091and sells them after use, if the fixed assets are fixed assets that cannot be deducted and the input tax is not deducted, the value-added tax can be levied at the rate of 4% at the time of sale; Otherwise, VAT shall be calculated and paid at the applicable tax rate (17%);

3. If a taxpayer buys or manufactures fixed assets as a small-scale taxpayer and sells the fixed assets after being recognized as a general taxpayer, the value-added tax can be halved at the rate of 4% according to the simple method;

4. General taxpayers selling fixed assets that can't be deducted and haven't deducted the input tax according to the regulations can levy VAT at a rate of 4% by half according to the simple method.

5. Small-scale taxpayers (except other individuals) who sell their used fixed assets are subject to VAT at a reduced rate of 2%.