KROK University 2012 Economics of enterprise Capital and

KROK University 2012 Economics of enterprise Capital and Fixed Assets Workshop

Property of enterprise Essence, types and functions of capital Production Assets (funds) Fixed assets: Classification, Structure, and Valuation Ageing, Depreciation and Improvement of Capital Assets Efficiency of Capital Assets Lecture 2

Home assignment Revise the second lecture and be prepare for the test Types of capital by Marx (definitions and examples) Production assets (funds) (definitions and structure) the must reading in Ukrainian Accounting Standard #7 (Положення (стандарт) бухгалтерського обліку №7) Tax Code (Податковий кодекс стаття 145)!!! you can also read in English http://en.wikipedia.org/wiki/Fixed_asset http://www.investopedia.com/terms/f/fixedasset.asp#axzz1kkTNFcPP http://www.mca.gov.in/Ministry/notification/pdf/AS_10.pdf http://accountinginfo.com/study/dep/depreciation-01.htm http://en.wikipedia.org/wiki/Depreciation http://www.assetaide.com/depreciation/calculation.html but be careful there are some differences in accounting and tax regulations!!! Written. Individual! 1. Assignment 3 & 4

Assignment 3 According to the data in the table determine: 1) Average annual value of fixed assets; 2) value of fixed assets at year end.

Average annual value of basic productive assets BPAb – at the beginning of the year BPAin – introduced during the year BPAout – withdrawn during the year T in – time of functioning of new assets (months) T out – time of functioning of withdrawn assets (months)

Assignment 4 The company acquired the mill equipment for 600 thousand UAH, including VAT. For purchase of equipment was used short-term bank loan amounting to 600 thousand UAH at 12% per annum for one year. The cost of transporting equipment 2600 UAH, including VAT, service installation 5000 UAH, including VAT. Determine the historic cost of equipment under conditions company - VAT payer, the company is not a VAT payer.