• TREATMENT OF PERMANENT ASSETS.

- CLASSIFICATION AND MAJOR ACCOUNTS. - ACCOUNTING CONCEPTS AND TREATMENTS APPLIE

D TO ITEMS OF THE GROUP. - PROCEDURES AND FORMS OF EVALUATION. - TREATMENT OF PR
OVISIONS.
• PERMANENT ASSETS
- Investments.
• Investments in other companies and permanent rights of any nature are not clas
sified in current assets, or long-term assets that are not intended to maintain
the activity of the company or firm:
- - - - - - Investments in other companies permanent Works of Art Buildings not
intended for use Assets leased to third parties shares clubs (-) Provision for l
osses on investment (creditor)
• PERMANENT ASSETS
- Fixed Assets:
• Rights which have as their object goods for the maintenance of the company's a
ctivities or business, or exercised for this purpose, including commercial or in
dustrial property:
- - - - - - - - - - - - Land (not depreciable) buildings plant machinery and equ
ipment Furniture and fixtures Vehicles (-) Accumulated Depreciation (creditor) P
atents and Trademarks Goodwill (-) Accumulated amortization (creditor) Reserves
and Mining (-) Accumulated Depletion (creditor)
• PERMANENT ASSETS
- Deferred: (transferred)
• Application of funds on expenses that contribute to the formation of the resul
t of more than one fiscal year, including interest paid or credited to sharehold
ers during the period preceding the start of operations:
- Implementation Costs - Pre-Operating Expenses - Expenses Research and Product
Development - (-) Accumulated amortization (creditor)
Depreciation:
• Represents the amount corresponding to the diminished value of the property re
sulting from wear and tear, act of nature and normal obsolescence.
- Obsolescence: is a function of new inventions. A well is an obsolete and outda
ted., Outdated, outmoded.
• Causes: Wear and tear, act of nature, and obsolescence.
- Depreciation reaches only material goods classified under Fixed Assets and pro
perty income classified in Group Investment Assets permanent (eg, leased propert
y) - The property can be depreciated from the date on which it is installed, use
d service or able to produce.
• Depreciation rate: corresponds to a fixed percentage depending on the useful l
ife of the asset, which varies according to the depreciation method adopted.
Accounts Computers and peripherals Buildings and improvements Motorcycles Furnit
ure and fixtures and facilities for passengers and cargo vehicles Term 5 years 2
5 years 10 years 4 years 5 years 20% pa rate 4% pa 25% pa 10% pa 20% pa
• Moment of depreciation: it can be calculated monthly or at year's end, when th
e Statement of Income for the period. • Calculation: To calculate the value of t
he share of depreciation, simply apply the fee on the value to be depreciated.
• Example:
- Calculate the value of the share of depreciation account vehicles that have ba
lance of $ 50,000.00, the rate of 20% year. - Solution:
• 20% of $ 50,000 = $ 10,000
- Accounting:
Expense Reduction (CR) to Accumulated Depreciation (active rectifier) Share of d
epreciation calculated by the rate of 20% on Vehicles ............... 10 000
• Lifetime: the period during which one can expect the economic use of the good,
the production of income. • Share of depreciation: the value obtained by the le
vy on the value of the property. • depreciation methods: there are several, such
as Linear, Sum of the digits of years, working time, etc..
• Method Linear or Straight Line:
- It is most used in Brazil - set consists of constant rates of depreciation ove
r the useful life of the property - If the well has to be depreciated as useful
life of five years, the constant rate of depreciation will be 20 % per year - th
e end of five years at 20% per year, and have been fully depreciated.
• Coefficient of Acceleration:
Number of 8 hour shifts 1 2 3 Coefficient Accounting 1.0 2.0 3.0 1.0 1.5 2.0 Coe
fficient Fiscal
Repayment:
• Is the loss of economic value of capital invested in intangibles asset necessa
ry to maintain the company. • Examples:
- Patents for inventions, copyrights, licenses or concessions, préoperacionais e
xpenditure, expenditure on scientific research, organization expenses, etc..
• Share of depreciation: be determined by applying the annual rate of depreciati
on on the original amount of capital employed or on the expenditure recorded in
Deferred restated. • Annual rate of depreciation: be set in order:
- Number of remaining years of existence of the law;€- Number of periods where t
hey should have enjoyed the benefits of the expenditure recorded in Deferred cha
rges.
• Minimum and maximum:
- RIR - fixed at five years the minimum period of amortization - Law 6404/76 - p
eriod not exceeding ten years.
• Accounting:
Depreciation expenses (CR) the Accumulated amortization
Exhaust:
• Corresponds to the loss of value due to its exploitation, rights whose object
is mineral or forest resources, or property used in that operation. • Accounting
:
Costs of exhaustion Exhaustion Accumulated