Saturday, May 25, 2024
Home Uncategorized Amortization method of packaging value Characteristics and scope of application

Amortization method of packaging value Characteristics and scope of application

by admin
0 comment

Please give the correct answer
thank you

the one-time resale method is usually applicable to low value or easily damaged management tools, small tools and fixtures, low value consumables such as special tools used to manufacture a batch of orders under the mode of single piece and small batch production, as well as the packaging materials used for production and sold with commercial products. (the one-time resale method can also be used for renting or lending packaging materials with small quantity, small amount and infrequent business.)

fifty five amortization method: although accounting is slightly cumbersome, 50% of the value of revolving materials is always retained in the account before scrapping, which is conducive to strengthening the management and accounting of revolving materials. It is applicable to the amortization of revolving materials with large quantity and large amount

banner

sub amortization method is mainly applicable to the construction contractor’s steel formwork and wood formwork. Amortization of revolving materials such as scaffolds. (Engineering Construction)

1 one time write off method. It refers to an amortization method in which the value of packaging materials is included in the cost of relevant assets or current profits and losses at one time. It is mainly applicable to the amortization of packages with low value or easily damaged
when collecting the packaging materials for one-time resale,
debit the “management expense”, “production cost”, “sales expense” and other accounts according to their book value,
credit the “revolving materials – packaging” account,
when scrapping, debit the “raw materials” and other accounts according to the scrap value of the scrapped packaging materials,
credit the “management expense”, “production cost” and other accounts
2 fifty five amortization method. It refers to the amortization of half of the book value of packaging materials when they are received and the other half of the book value when they are scrapped. That is, the packaging is amortized by 50% in two times
the 50-50 amortization method is generally applicable not only to the packaging materials with low value and short service life, but also to the packaging materials with roughly the same received quantity and scrapped quantity in each period the value of packaging materials in use is recorded by the “turnover method” (BR> the book value of packaging materials in use is recorded by the “turnover method)”
when the packaging materials in use are amortized by the “turnover method”
50% of the book value shall be taken as the amortization amount when collecting, debiting “management expense”, “production cost” and other subjects,
credit “revolving materials – packaging (amortization)”
when scrapping, 50% of the amortization amount shall be added, debited to “management expense”, “production cost”, “sales expense” and other subjects,
credited to “revolving materials – packaging (amortization)”,
at the same time, debited to “raw materials” and other subjects according to the scrap value of scrapped packaging,
credited to “management expense”, “production cost”, “sales expense” and other subjects,
at the end of scrapping, all the accrued amortization amount shall be written off,
Debit “revolving materials – packaging (amortization)”,
credit “revolving materials – packaging (in use)”
in the new accounting standards, the amortization method of packaging materials will no longer be adopted

You may also like

Leave a Comment

Soledad is the Best Newspaper and Magazine WordPress Theme with tons of options and demos ready to import. This theme is perfect for blogs and excellent for online stores, news, magazine or review sites.

Buy Soledad now!

Edtior's Picks

Latest Articles

u00a92022u00a0Soledad.u00a0All Right Reserved. Designed and Developed byu00a0Penci Design.