Fixed assets that a business leases or rents are allowed to be depreciated if they fall under the following cases:
- Business & Investment Leasing of operating fixed assets Depreciation must be recorded for fixed assets that are leased out.
- Business & Investment leasing fixed assets through financial leasing. (referred to as leased fixed assets) must depreciate leased fixed assets as if they were owned by the enterprise, in accordance with current regulations. This applies even if, at the time of commencement of the lease, the enterprise leases the fixed assets under a financial lease. commitment not to repurchase In a finance lease agreement, the lessee is entitled to a deduction for the leased asset. Depreciation of leased fixed assets is calculated over the lease term as specified in the contract..
Explanation for the above guide:
- Based on Clauses 5 and 6 of Article 9 of Circular 45/2013/TT-BTC
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