Wear and other indicators of the state of fixed assets of the enterprise

How modern was the productionequipment, over time, its wear and tear inevitably occurs, with this there is nothing to be done. However, this process can be slowed down if we carry out planned and major repairs, as well as carry out reconstruction and modernization. The following documents serve as the basis for carrying out such work:

• data and standards on the timing of repair work;

• estimates for the production of repair work;

• information on the initial and current value of objects related to the fixed assets of the enterprise;

• various defective statements.

coefficient of wearThe very word "wear" means a decreaseproduction resource of fixed assets, their natural aging and the gradual loss of value. To assess it, a number of indicators are used, the main one being the coefficient of depreciation of fixed assets. In addition, the expiration ratio, retirement ratio and refresh rate are also often calculated. Timely periodic calculation of these indicators allows the company to always be on the alert, in time to form a reserve of expenses for repair and renovation of its production facilities, to plan the modernization and reconstruction of its equipment.

Let us now consider how these indicators are calculated. First we will have a coefficient of wear. The formula for this index is as follows:

TOout of= Amount of depreciation (depreciation) / Balance (initial) cost of fixed assets.

coefficient of depreciation of fixed assetsThe wear coefficient shows the leveldeterioration of the main production assets. The smaller it is, the better the physical condition of the enterprise's production assets. The wear factor, as a rule, is calculated on a certain date. Usually the beginning and the end of the past year begin. The source for its calculation is the accounting form No. 20, which reflects the presence and movement of absolutely all the fixed assets (OF) of the enterprise.

For clarity, let's take an example. Suppose that a certain joint-stock company has the PF at the beginning of 2012 amounted to 5,200 thousand rubles, at the end of the year - 5,550 thousand rubles. The amount of depreciation in this case, respectively, was at the level of 1400 and 1410 thousand rubles. Thus, the depreciation rate at the beginning of 2012 will be equal to 1400/5200 = 0.2692 or 26.92%. At the end of the year, this indicator was 1410/5550 = 0.2541 or 25.41%. What are these figures talking about?

coefficient of wear formulaThey indicate a slight improvement in the physical condition of the society. The wear coefficient during the year decreased by 0.2692-0.2541 = 0.0151 or 1.51%.

Shelf life coefficient (Kyear) - the indicator is directly opposite to the indicator considered above. It is defined thus:

TOyear= Residual value of OB / Balance (initial) cost of the PF.

Like the previous indicator, it is advisableto consider in dynamics. It shows what percentage is the residual value in the book value at a certain point in time. The expiry factor shows the level of availability of funds for further exploitation.

Coefficient of renewal (Kobn) is another very important indicator that shows how much of the value of the PF at the end of the period chosen for the calculation is the new production PF. It is calculated as follows:

TOobn= New OFs / Cost of all PF at the end of the selected period.

The source of information for calculation, as a rule,is the balance sheet, and for accounting the balance sheet is taken, i.e. initial cost. It should be noted that the renewal of funds can occur not only as a result of the purchase of modern equipment, but also due to the modernization of those facilities that the enterprise has available.



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Wear and other indicators of the state of fixed assets of the enterprise

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Wear and other indicators of the state of fixed assets of the enterprise

Wear and other indicators of the state of fixed assets of the enterprise

Wear and other indicators of the state of fixed assets of the enterprise

Wear and other indicators of the state of fixed assets of the enterprise

Wear and other indicators of the state of fixed assets of the enterprise

Wear and other indicators of the state of fixed assets of the enterprise

Wear and other indicators of the state of fixed assets of the enterprise

Wear and other indicators of the state of fixed assets of the enterprise

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