Accounting for lease of fixed assets, regulations, accounting entries - our article discusses all the features of accounting for lease agreements.

Basic concepts of a lease agreement

The fundamental document regulating rental relations is Chapter. 34 of the Civil Code of the Russian Federation.

The object of lease can be various property that has the property of not losing its natural properties during operation, united in the legal field under the term “non-consumable things”. This feature allows you to return the original object to the copyright holder without changing its functional and quality characteristics. This land, buildings, equipment, transport and other similar objects, usually fixed assets of organizations.

An object recognized as part of fixed assets meets the criteria established in clause 4 of PBU 6/01 (approved by order of the Ministry of Finance of Russia dated March 30, 2001 No. 26n). There are only 4 criteria:

• the object is intended for use in the organization’s activities, including in lease transactions for transfer to the tenant;
• the facility is used for an extended period of time exceeding 12 months, or for a period exceeding the normal operating cycle of more than 12 months;
• the object must generate income in the future;
• its resale is not intended.

There is an additional condition: the criteria must be met all at the same time.

Find out what PBUs legislators plan to develop in 2018-2021 from this.

The lessor (owner of the property) rents it out, the tenant accepts it. By general rule at operating lease The lessor remains the owner of the subject of the transaction; there is no change of ownership. The tenant temporarily, during the validity of the lease agreement, uses and owns the property without being its owner.

Ownership rights can be transferred only if the contract provides for the purchase of the property at the end of the lease. For example, if a separate type of lease agreement, a leasing agreement, contains such a condition, the repurchase is formalized within the framework of another contractual relationship - purchase and sale, since leasing is essentially a lease, and the conditions for the transfer of ownership are regulated by the purchase and sale agreement.

For judicial practice on lease agreements, see.

Accounting for fixed assets with the lessor

Who should keep records of fixed assets - rental objects on their balance sheet?

Landlord. Like any owner, he is obliged to keep records of his property.

What balance sheet accounts are used to account for fixed assets in lease?

Accounts 01 “Fixed Assets” and 03 “Income Investments” at original cost.

In the chart of accounts (approved by order of the Ministry of Finance of Russia dated October 31, 2000 No. 94n), account 01 is allocated for all fixed assets, including those leased. Along with this, PBU 6/01 states that fixed assets, the purpose of which is to be leased, should be considered profitable investments. To account for them there is account 03.

How to correctly differentiate between accounting for objects on accounts 01 and 03?

The choice is simple. Based on the wording on profitable investments contained in PBU 6/01 (clause 5).

IMPORTANT! PBU 6/01 includes income-generating investments as fixed assets whose purpose is exclusively for leasing. At the same time, the goal is clearly known - generating income from the rental of these objects.

What accounts are used to record rental income?

Accounts 90 “Sales” and 91 “Other income and expenses”.

If an organization receives its main income from property rental transactions, clause 5 of PBU 9/99 (approved by order of the Ministry of Finance of Russia dated May 6, 1999 No. 32n) prescribes that rental payments should be considered revenue. Count 90 should be used.

At the same time, in clause 7 of PBU 9/99, rental payments are included in the list of others, but with the caveat: “Take into account the provisions of clause 5.” This means that if the organization has other main areas other than rental activities, then rental income, being other income, is accumulated in account 91.

The organization classifies its income as one type or another independently and enters information about this into its accounting policy.

What accounting for the lease of fixed assets looks like at the level of accounting entries is described in the tables. The following abbreviations are used throughout the text:

• OS - fixed assets;
• DV - profitable investments.

If OS rental is the main activity

Postings
Dt 03 / DV in the organization		The Far East facility has been put into operation. Posting in the amount of the original cost
Dt 03 / DV for rent	Kt 03 / DV in the organization	The property has been transferred to the tenant
	Kt 90 / Revenue	Lease payments included in revenue
Dt 90 / VAT		VAT charged
		Depreciation of the Far East facility

If OS rental is another type of activity

Postings
Dt 01 / OS in the organization		The OS object has been put into operation. Posting in the amount of the original cost
Dt 20-26 (cost accounts)		Depreciation when the item was used for production purposes
Dt 01 / OS for rent	Kt 01 / OS in the organization	The property has been transferred to the tenant
	Kt 91 / Other income	Rent payments among other income
Dt 91 / VAT		VAT charged
Dt 91 / Other expenses		Depreciation of a rental property

Explanations for wiring:

1. Depreciation is charged to account 91.

The asset was originally used for production purposes and depreciation was charged to cost accounts. After rental, it is credited to account 91, like income, as part of other income. This corresponds to the norm of PBU 10/99 (approved by order of the Ministry of Finance of Russia dated May 6, 1999 No. 33n), requiring the recognition of income and expenses in reporting, taking into account the relationship between them (the principle of matching income and expenses).

2. The object continues to be accounted for in account 01.

After being leased, the property is used only for rental purposes. Does this entail the transfer of its accounting to account 03? No, for the following reasons:

• It cannot be considered that the property is intended exclusively for rental. It was originally purchased for production purposes and can be used again for production once the lease is completed.
• There is no such regulatory requirement. Carrying forward for reporting and tax purposes does not make sense.

Examples: machine tool, car.

However, the organization is free to enter into contracts. An organization whose lease relates to other operations may enter into a lease agreement. In this case, the object is purchased exclusively for rental. Then it is reasonable to use account 03 to account for the object and account 91 to account for income and expenses.

Read about the initial cost and depreciation of objects in the article .

Accounting for leased fixed assets from a tenant

Leased property is not the tenant’s own property, therefore, off-balance sheet account 001 should be used to account for it. The valuation of objects at which they should be listed off-balance sheet is indicated in the lease agreement. The object is accounted for as debit 001 at the time of acceptance and transfer of property. At the end of the lease and the fact of return of the property, an entry is made under loan 001.

Rent payments are an expense for the tenant. They are reflected in the cost price or other expenses depending on the functions of the leased facility.

With nuances rental relations you will be introduced to the following materials:

Results

The leased objects are accounted for by the lessor (property owner) on balance sheet accounts, and the lessee organizes off-balance sheet accounting of the objects.

The lessor makes a choice:

• object accounting accounts 01 or 03 according to their initial purpose - for production use or exclusively for rent;
• Income accounts 90 or 91 by type of activity - main or other operations.

Each type of lease has its own approach to depreciation of leased (leased) property.

Organization of accounting

Depending on legal requirements, as well as contractual terms, leased fixed assets are taken into account:

1. on the balance sheet of the lessor (lessor) under the agreement:

• current lease;
• financial lease (leasing);

2. on the balance sheet of the tenant (lessee) under the agreement:

• lease of an enterprise as a property complex;
• financial lease (leasing).

If the leased property is listed on the lessor’s balance sheet

In order to control the movement of fixed assets, it is advisable for the lessor to organize separate accounting of the property leased. This conclusion follows from the Instructions for the use of the chart of accounts for accounting financial and economic activities of organizations, approved by Order of the Ministry of Finance of the Russian Federation dated October 31, 2000 No. 94n (hereinafter referred to as the Instructions for the use of the chart of accounts), as well as from clause 19, clause 21 of the Methodological guidelines for accounting of fixed assets approved by Order of the Ministry of Finance of the Russian Federation dated October 13, 2003 No. 91n (hereinafter referred to as Guidelines No. 91n). To do this, an organization can open the following subaccounts:

• subaccount “Fixed assets leased out”.

Analytical accounting for account 01 should be organized according to:

Types of fixed assets;
- tenants;

The depreciation account also needs to be divided into separate sub-accounts in a similar order:

• subaccount “Depreciation of fixed assets leased out”.

Analytical accounting for account 02 can be built according to:

Types of fixed assets;
- individual inventory objects.

At the time of transfer of the fixed asset for lease, accounting entries will be made:

Debit 01, subaccount “Fixed assets leased” - Credit 01, subaccount “Own fixed assets”

Debit 02, subaccount “Depreciation of own fixed assets” - Credit 02, subaccount “Depreciation of fixed assets leased out”

In relation to property that is specifically acquired (created) for rental and is taken into account as part of income-generating investments in material values on , Instructions for using the chart of accounts contain mandatory requirement separate accounting of the amounts of accrued depreciation on account 02. Therefore, for account 03, the lessor (lessor) can provide subaccounts:

• subaccount “Income investments intended for rental”;
• subaccount “Income-generating investments intended for leasing”;
• subaccount “Income-producing investments leased”;
• subaccount “Income-producing investments leased.”

Analytical accounting for account 03 is carried out in the following sections:

Types of fixed assets;
- tenants (lessees);
- individual inventory items.

Account 02, by analogy with account 03, is detailed as follows:

• subaccount “Depreciation of income-generating investments intended for rental”;
• subaccount “Depreciation of income-generating investments intended for leasing”;
• subaccount “Depreciation of income-producing investments leased out”;
• subaccount “Depreciation of profitable investments leased.”

Analytical accounting for account 02 is formed according to:

Types of fixed assets;
- individual inventory objects.

The organization will formalize the transfer of an income-generating investment for rent (leasing) with the following accounting entry:

Debit 03, subaccount “Income-producing investments, leased out” - Credit 03, sub-account “Income-producing investments, intended for rental”
- the fixed asset is leased.

Debit 03, subaccount “Income-bearing investments leased” - Credit 03, sub-account “Income-bearing investments intended for lease”
- the fixed asset is leased.

The amount of depreciation accrued on the fixed asset until the moment of its transfer is transferred between the subaccounts of account 02:

Debit 02, subaccount “Depreciation of income investments intended for rent” - Credit 02, subaccount “Depreciation of income investments intended for rent”
- reflects the amount of depreciation on the leased fixed asset.

Debit 02, subaccount “Depreciation of income investments intended for leasing” - Credit 02, subaccount “Depreciation of income investments intended for leasing”
- reflects the amount of depreciation on the leased fixed asset.

When the leased object is delivered from the seller’s warehouse directly to the lessee’s warehouse, the lessor creates the following entry in transit accounting:

Debit 03, subaccount “Income-producing investments leased” - Credit 08
- the fixed asset is rented out (leasing).

The tenant (lessee) takes into account the leased property off the balance sheet based on the assumption of the property independence of the organization. For this purpose, the Instructions for using the chart of accounts provide for an off-balance sheet “Leased fixed assets”. Assets received for rent (leasing) are reflected in the debit of this account in the contractual (agreed) valuation.

Debit 001
- reflects the cost of the leased fixed asset.

Analytical accounting for account 001 is maintained according to:

Lessors/lessors;
- individual leased objects (inventory numbers of the lessor/lessor).

If the leased property is listed on the tenant’s balance sheet

The tenant (lessee) can organize accounting of assets received for rent (leasing) as follows. Sub-accounts are opened for account 01:

• subaccount “Own fixed assets”;
• subaccount “Leased fixed assets”.

Analytical accounting for account 01 can be organized by:

Types of fixed assets;
- lessors/lessors;
- individual inventory objects.

Separate accounting of depreciation of own and rented (leasing) property is carried out in subaccounts of account 02:

• subaccount “Depreciation of own fixed assets”;
• subaccount “Depreciation of leased fixed assets”.

Analytical accounting for account 02 should be maintained according to:

Types of fixed assets;
- individual inventory objects.

The asset, which is the subject of an enterprise lease agreement (leasing), enters the organization of the tenant (lessee) through account 08 to account 01:

Debit 08-4 - Credit 76, subaccount “Rental obligations”
- reflects the value of property received under an enterprise lease agreement (or leasing agreement).

Debit 01, subaccount “Leased fixed assets” - Credit 08-4
- rented (leasing) property is accepted for accounting as a fixed asset.

In turn, the lessor (lessor), after transferring the property to the balance sheet of the tenant (lessee), reflects it off the balance sheet as “Fixed assets leased out” at the contractual (agreed) cost.

Debit 011
- reflects the cost of the fixed asset leased (leasing).

Depreciation on current lease

In accounting

The current lease of fixed assets implies paid temporary use (temporary possession and use) of the property, that is, there is no transfer of ownership. Therefore, depreciation on such objects is calculated by the lessor (paragraph 1, paragraph 50 of Methodological Instructions No. 91n).

The procedure for reflecting the amounts of accrued depreciation in the lessor's accounting depends on whether the transfer of property for rent is its main activity or not.

What is the main activity and how to determine it? The answer to this question can be found in paragraph 6 of clause 4 of PBU 9/99 “Income of the organization”, approved by Order of the Ministry of Finance of Russia dated May 6, 1999 No. 32n (hereinafter referred to as PBU 9/99). In accordance with this norm, for accounting purposes, the organization independently decides which receipts it will recognize as income from its main activities (otherwise revenue), and which as other income, based on:

• requirements of PBU 9/99;
• nature of activity;
• type of income;
• conditions for receiving income.

The specific procedure for determining the main types of activities must be recorded in the accounting policy. An organization can create a clear list of them or set a materiality threshold for the purposes of recognizing income as revenue. For example, a type of activity, the income from which amounts to 10% or more of the total income for the reporting year, is considered the main one.

Debit 20 (23, 25, 26, 29, 44) - Credit 02, subaccount “Depreciation of fixed assets leased out” (or subaccount “Depreciation of income-generating investments leased out”)

In the case where income from the rental of property is other income, accrued depreciation is recognized as another expense (clause 11 PBU 10/99 “Organization expenses”, approved by Order of the Ministry of Finance of Russia dated May 6, 1999 No. 33n (hereinafter referred to as PBU 10/ 99)) and is reflected in “Other income and expenses”, subaccount 2 “Other expenses”.

Debit 91-2 - Credit 02, subaccount “Depreciation of fixed assets leased out”
- reflects depreciation on leased fixed assets.

The leased asset is depreciated in accordance with the standards adopted by the lessor.

In tax accounting

For profit tax purposes, the object of the lease agreement is subject to depreciation if it relates to depreciable property. The conditions for including property as depreciable are listed in paragraph 1, clause 1, article 256 of the Tax Code of the Russian Federation. An exception is the objects of clause 2 of Article 256 of the Tax Code of the Russian Federation and clause 3 of Article 256 of the Tax Code of the Russian Federation: depreciation is not accrued for them.

The lessor calculates depreciation charges for leased fixed assets based on the methods and standards that he uses for depreciation of similar own assets.

Depreciation during leasing

Legal aspect

A fixed asset that is the subject of a financial lease (leasing) agreement can be registered by the lessor or lessee (as agreed by the parties to the agreement).

The right to determine the balance holder of the leased property was previously established by Art. 31 of the Federal Law of October 29, 1998 No. 164-FZ “On finance lease(leasing)" (hereinafter referred to as Law No. 164-FZ). But with the entry into force of Federal Law No. 344-FZ dated November 16, 2014, this provision was eliminated. However, this does not mean that the parties to the contract are now deprived of the opportunity to agree on such conditions. From November 16, 2014, the lessor and the lessee exercise their right to choose the party on whose balance sheet the leased asset will be listed, based on clause 4 of Article 421 of the Civil Code of the Russian Federation.

The procedure for calculating depreciation on leased property is established:

for accounting purposes:

• Instructions on the reflection in accounting of transactions under a leasing agreement (approved by Order of the Ministry of Finance of Russia dated February 17, 1997 No. 15 (hereinafter referred to as Instructions No. 15));
• PBU 6/01 “Accounting for fixed assets” (approved by Order of the Ministry of Finance of the Russian Federation dated March 30, 2001 No. 26n (hereinafter referred to as PBU 6/01);
• Methodological guidelines for accounting of fixed assets (approved by Order of the Ministry of Finance of the Russian Federation dated October 13, 2003 No. 91n).

for tax accounting purposes:

• Article 256-259.3 of the Tax Code of the Russian Federation.

In the accounting of the lessor initial cost the leased asset, like any other fixed asset, is formed from the actual costs of its acquisition (construction, production) excluding VAT and other refundable taxes (clause 8 of PBU 6/01). These include, in particular:

• purchase price of the leased property (amount under the agreement with the seller/supplier);
• construction (manufacturing) costs;
• delivery costs;
• installation and installation costs;
• expenses for customs clearance, customs duties (duties);
• interest on the use of borrowed funds (in relation to investment assets);
• maintenance costs;
• other expenses without which the use of the facility is impossible.

The lessor sets the SPI independently when accepting the leased object for accounting based on the criteria of clause 20 of PBU 6/01. Following this norm, the question arises: can an organization establish a private investment agreement based on the validity period of the financial lease agreement?

The tax authorities believe that this cannot be done. In their opinion, the lessor unlawfully reduces the IFI of the leased asset and thereby understates the tax base for property tax.

However, this position can be argued. In accordance with paragraph 7, paragraph 4 of PBU 6/01, the period beneficial use- this is the period during which the use of a fixed asset brings economic benefits (income) to the organization. If, at the end of the financial lease agreement, ownership of the object passes to the lessee, then the transferring party loses the opportunity to derive income from the leased asset. Therefore, the lessor organization has the right to limit the SPI of the leased property to the duration of the agreement. Similar conclusions are contained in the letter of the Department of Tax Administration of Russia for Moscow dated October 17, 2003 No. 23-10/2/58256, as well as in numerous court decisions (FAS Moscow District dated June 26, 2013 No. A40-126514/12-140 -825, dated 05/16/2013 No. A40-76350/12-90-408, dated 06/07/2006 No. KA-A40/5038-06, FAS Volga District dated 08/30/2010 No. A57-8838/2009 etc.), including the Supreme Court of the Russian Federation (Determination No. 305-KG14-1477 dated September 25, 2014 in case No. A40-24756/2013).

Judicial arbitrators in their later decisions (Resolution of the Moscow District Court of February 4, 2015 No. A40-130146/13 in case No. A40-130146/13) support this approach, even if there is uncertainty regarding the repurchase of leased property.

In addition, it is worth noting that the object of leasing is most often movable property (equipment, vehicles). According to clause 25 of Article 381 of the Tax Code of the Russian Federation, all movable fixed assets accepted for accounting after January 1, 2013 are exempt from property tax. Taking this into account, it can be assumed that there will be fewer disputes with inspectors regarding the incorrect determination of the private ownership of the leased asset and the understatement of the tax base for property tax.

If the lessor seeks to bring together accounting and tax accounting data, then the SPI of the leased property is better determined according to the Classification of fixed assets included in depreciation groups(Clause 1 of the Decree of the Government of the Russian Federation dated January 1, 2002 No. 1), hereinafter referred to as OS Classification.

Method of calculating depreciation for the subject of leasing is determined by the provisions of the accounting policy of the balance sheet holder for accounting purposes in relation to this group of objects. In accordance with clause 18 of PBU 6/01, this can be:

1. linear method;
2. reducing balance method;

If movable property, which is the subject of leasing and belongs to the active part of fixed assets, is depreciated using the reducing balance method, then the organization holding the balance sheet has the right to apply the mechanism to it accelerated depreciation . This is indicated by the norms of clause 19 of PBU 6/01, paragraph 5 of clause 54 of Methodological Instructions No. 91n. The essence of the mechanism is that the basic depreciation rate increases by the acceleration factor. The acceleration factor can be no higher than 3. Its specific size is agreed upon by the lessor and the lessee in the financial lease agreement (paragraph 5, paragraph 54 of Methodological Instructions No. 91n).

Since the use of a multiplying factor is an element of the method of repaying the value of an asset (paragraph 2 of clause 2 of PBU 1/2008 “Accounting Policy of an Organization”, approved by order of the Ministry of Finance of Russia dated 10/06/08 No. 106n (hereinafter referred to as PBU 1/2008)), its application to the leased object, as well as the procedure for determining the size, must be recorded in the accounting policies of the lessor for accounting purposes. Otherwise, disagreements with inspectors are possible (for example, Resolution of the Federal Antimonopoly Service of the Volga-Vyatka District dated 06/03/2010 in case No. A29-9910/2009).

Many questions arise regarding the concept of “active part of fixed assets”. Accounting legislation does not define it. If we turn to the economic literature, there are different types of fixed assets. In accordance with one of them, fixed assets (FAs) are divided into active and passive parts. The active part of the PF is directly involved in the production process of the enterprise, while the passive part of the PF provides normal conditions for the occurrence of this production process. The active part mainly includes machines, equipment, vehicles, devices, mechanisms, etc. The passive part includes buildings, structures, etc.

It is worth noting that, despite all the advantages of the reducing balance method, organizations for the most part depreciate leased property using the straight-line method in order to bring accounting and tax accounting. Moreover, some of them previously took advantage of the ambiguity of the wording of the repealed norm of Article 31 (paragraph 2, paragraph 1) of Law No. 164-FZ and calculated depreciation using a linear method using an increasing factor. Some courts supported this (Resolutions of the Federal Antimonopoly Service of the Ural District dated December 28, 2009 No. F09-1874/09-S3 in case No. A71-4088/2008-A28, FAS Volga District dated August 30, 2010 No. A57-8838/2009) . However, the opinion of the Russian Ministry of Finance on this issue has always been unequivocal: the exercise of the right to use accelerated depreciation in relation to the leased asset is possible only if its cost is repaid using the reducing balance method (letter: dated April 26, 2010 No. 03-05-05-01/09 , dated 11.11.2008 No. 03-05-05-01/66, dated 22.08.2006 No. 07-05-06/220, dated 03.03.2005 No. 03-06-01-04/125, dated February 28, 2005 No. 03-06-01-04/118, etc.). The Presidium of the Supreme Arbitration Court of the Russian Federation finally put an end to the dispute with Resolution No. 2346/11 dated July 5, 2011, in which it supported the conclusions of the Russian Ministry of Finance. In the Ruling of the Supreme Arbitration Court of the Russian Federation dated January 15, 2014 No. VAS-19160/13, the arbitrators did not change their position.

The lessor stops accruing depreciation from the 1st day of the month following the month of repayment of the cost of the leased property or writing it off from accounting (clause 22 of PBU 6/01).

In tax accounting

In tax accounting, a leased asset is subject to depreciation only when it relates to. The concept of depreciable property is given in paragraph 1, clause 1, article 256 of the Tax Code of the Russian Federation. The exception is the objects of clause 2 of Article 256 of the Tax Code of the Russian Federation, and clause 3 of Article 256 of the Tax Code of the Russian Federation. They are not subject to depreciation.

If the lessor is the balance holder of the leased property, then he is the one who accrues depreciation. This follows from the norms of paragraph 10 of Art. 258 Tax Code of the Russian Federation, Clause 1, Clause 2, Article 259.3 of the Tax Code of the Russian Federation .

• the initial cost of the object;
• useful life (SPI), depreciation group;
• depreciation method.

Formation order initial cost leasing property is prescribed in paragraph 3, clause 1, article 257 of the Tax Code of the Russian Federation. It is no different from the generally established order ( paragraph 2, clause 1, article 257 of the Tax Code of the Russian Federation), which applies to the organization’s own funds. The initial cost of the leased asset includes all the lessor's expenses for:

• acquisition, construction, production of an object;
• delivery of the object;
• bringing the facility into a suitable operational condition.

This excludes refundable taxes such as VAT, excise taxes, or taxes that are expensed.

It is important to pay attention!
Under a leasing agreement, the obligation to bear additional costs associated with the leased property (transportation, installation, adjustment, etc.) may be assigned to the lessee. The lessor takes into account only those expenses that he has incurred.

For example, leased property was acquired at the expense of borrowed money. If the object belongs to investment assets, then in accounting the costs of paying interest on the issued loan (credit) must be included in its initial cost (clause 9, clause 12 of PBU 15/2008, approved by Order of the Ministry of Finance of Russia dated 06.10.2008. No. 107n (hereinafter referred to as PBU 15/2008)). The concept of an investment asset is given in paragraph 3 of clause 7 of PBU 15/2008. But for profit tax purposes they should be included in non-operating expenses based on Subclause 2 Clause 1 Article 265 of the Tax Code of the Russian Federation .

The discrepancy between the formed assessments of the same object in different types accounting leads to the formation of temporary differences, and, as a result, the need to accrue IT (deferred tax liability) and/or OTA (deferred tax asset) in accordance with PBU 18/02 (approved by Order of the Ministry of Finance of Russia dated November 19, 2002 No. 114n )

The Tax Code provides two depreciation method(Clause 1 of Article 259 of the Tax Code of the Russian Federation):

1. linear;
2. nonlinear.

The choice of a specific method must be reflected in the organization's accounting policies for profit tax purposes. Moreover, it should be applied to all fixed assets, and to those that are leased, too. An exception to this rule are the objects listed in clause 3 of Article 259 of the Tax Code of the Russian Federation. Only the linear accrual method applies to them.

In accordance with paragraph 1, paragraph 2, Article 259.3 of the Tax Code of the Russian Federation, the lessor has the right to increase the basic depreciation rate of the leased asset by multiplying factor. Its value should not be higher than 3. The use of this coefficient in tax accounting does not depend on the method by which depreciation is calculated, in contrast to accounting, where the ability to use a special coefficient (not higher than 3) is provided only when writing off the value of leased property using the reducing balance method.

Note!
The increasing factor does not apply to fixed assets included in 1-3 depreciation groups, i.e. with a useful life from 1 to 5 years (inclusive). This limitation is established by the same norm, paragraph 1, paragraph 2, article 259.3 of the Tax Code of the Russian Federation.

According to clause 4 of Article 259 of the Tax Code of the Russian Federation, leased property begins to be depreciated from the 1st day of the month following the month of its commissioning. Depreciation is accrued and recognized as expenses for profit tax purposes on a monthly basis (clause 2 of Article 259 of the Tax Code of the Russian Federation and paragraph 1, clause 3, article 272 of the Tax Code of the Russian Federation). The leased asset ceases to be depreciated on the 1st day of the month following the month of complete write-off of the cost or its disposal from the depreciable property (clause 5 of Article 259.1 of the Tax Code of the Russian Federation).

Table 1 - Depreciation of leased property: the object is listed on the lessor’s balance sheet

Calculation components		Rules
		accounting	tax accounting
Initial cost	What is it formed from?	It is formed from expenses for (clause 8 of PBU 6/01): delivery of the leased object;	acquisition (construction, production) of the leased object; delivery of the leased object; bringing the leased object to a condition suitable for its intended use
Depreciation bonus		Not provided	Part of the initial cost of the leased object can be included at a time in the expenses of the reporting (tax) period in the form of a depreciation bonus: no more than 10% - for objects belonging to depreciation groups 1,2, 8-10; no more than 30% - for objects belonging to 3-7 depreciation groups
	Determination procedure (SPI)	clause 20 PBU 6/01;
		Yes (clause 20 PBU 6/01)
		linear method; reducing balance method; method of writing off value by the sum of the numbers of years of useful life; method of writing off cost in proportion to the volume of products produced	linear method; nonlinear method
	Restrictions on the choice of method (method) for calculating depreciation	No
Increasing coefficients	Odds size	No higher than 3	No higher than 3
	Limitations of use
		From the 1st day of the month following the month of acceptance of the leased asset for accounting as a fixed asset (clause 21 of PBU 6/01)
			From the 1st day of the month following the month of complete write-off of the cost of the leased asset or its disposal from the depreciable property

The leased item is listed on the lessee's balance sheet

In accounting

If the leased asset is transferred to the balance sheet of the lessee, then he will record depreciation with the following accounting entry:

Debit 20 (23, 25, 26, 44) - Credit 02, subaccount “Depreciation of leased fixed assets”
- reflects the accrual of depreciation by the lessee on the property received under lease.

The lessee begins to accrue depreciation from the 1st day of the month following the month the asset was accepted for accounting as part of fixed assets (clause 21 of PBU 6/01). In this case, depreciation charges are calculated based on the cost of the leased property, as well as approved standards (paragraph 3, paragraph 9 of Instructions No. 15). Depreciation rates are determined by the useful life (USI) and the method of calculating depreciation.

The greatest difficulties in this situation arise during the formation initial cost subject of leasing. According to the general rule (clause 8 of PBU 6/01), the initial cost of a fixed asset item is accumulated from the costs of its acquisition (construction, production) minus VAT (other refundable taxes). But what specific costs accompany the receipt of leased property on the balance sheet of the lessee?

So, in accordance with paragraph 2 of Article 2 of Law No. 164-FZ, the leasing agreement is of a compensated nature, that is, the lessee must pay the lessor a certain amount for the right to temporary possession and use of the leased object. This amount is called leasing payments and includes (Clause 1, Article 28 of Law No. 164-FZ):

• costs of the lessor for the acquisition and transfer of leased property;
• costs of providing other services, provided for by the agreement;
• lessor's income.

Table 2 - Depreciation of leased property: the object is listed on the balance sheet of the lessee

Calculation components		Rules
		accounting	tax accounting
Initial cost	What is it formed from?	Formed from (clause 8 of PBU 6/01) the total amount of lease payments under the leasing agreement; redemption price (if it is provided for in the leasing agreement); other costs for delivery and bringing the object into a condition suitable for its intended use	It is formed from the lessor’s expenses for (paragraph 3, clause 1, article 257 of the Tax Code of the Russian Federation): acquisition (construction, production) of the leased object; delivery of the leased object; bringing the leased object to a condition suitable for its intended use
Depreciation bonus		Not provided	According to the regulatory authorities, the lessee has no right to use bonus depreciation in relation to the leased asset accepted on its own balance sheet
Useful life (USL)	The procedure for determining SPI	The useful life is determined based on: clause 20 PBU 6/01; Classifications of OS (clause 1 of the Decree of the Government of the Russian Federation dated January 1, 2002 No. 1)	The useful life is determined only according to the OS Classification, taking into account the provisions of the Tax Code (clause 1 of Article 258 of the Tax Code of the Russian Federation)
	Is it possible to limit SPI to the duration of the contract?	Yes, if the leasing agreement does not provide for the purchase of the object (clause 28 of IAS 17 “Lease”, clause 7 of PBU 1/2008)	No. (Only according to OS Classification, paragraph 1, clause 1, article 258 of the Tax Code of the Russian Federation.)
Method (method) for calculating depreciation	What methods (methods) can be used	Methods for calculating depreciation on used vehicles (clause 18 of PBU 6/01): linear method; reducing balance method; method of writing off value by the sum of the numbers of years of useful life; method of writing off cost in proportion to the volume of products produced	Methods for calculating depreciation in unused buildings (clause 1 of Article 259 of the Tax Code of the Russian Federation) linear method; nonlinear method.
	Selecting a method (method) for calculating depreciation	The method of calculating depreciation is established in the accounting policy for all fixed assets or groups of homogeneous fixed assets (paragraph 6, paragraph 18 of PBU 6/01, paragraph 7 of PBU 1/2008)	The depreciation calculation method is established in the accounting policy and applies to all fixed assets (paragraph 4, paragraph 1, article 259 of the Tax Code of the Russian Federation). The exception is objects for which only the linear method is used (clause 3 of Article 259 of the Tax Code of the Russian Federation)
	Restrictions on the choice of depreciation calculation method	No	For buildings, structures, transmission devices included in depreciation groups 8-10 - exclusively the linear method (clause 3 of Article 259 of the Tax Code of the Russian Federation)
Increasing coefficients	Odds size	No higher than 3	No higher than 3
	Limitations of use	The coefficient is applied only when using the reducing balance method. movable property, which is the subject of a leasing agreement and relates to the active part of fixed assets (clause 19 of PBU 6/01, paragraph 5 of clause 54 of Methodological Instructions No. 91n)	The coefficient does not apply to leasing objects that are included in depreciation groups 1-3 (paragraph 2, paragraph 1, paragraph 2, Article 259.3 of the Tax Code of the Russian Federation)
Start of depreciation		From the 1st day of the month following the month the leased asset was accepted for accounting as a fixed asset (clause 21 of PBU 6/01)	From the 1st day of the month following the month the leased object was put into operation (clause 4 of Article 259 of the Tax Code of the Russian Federation)
Stopping depreciation		From the 1st day of the month following the month of repayment of the cost of the leased asset or its write-off from accounting (clause 22 of PBU 6/01)	From the 1st day of the month following the month of complete write-off of the value of the leased asset or its disposal from the depreciable property (clause 5 of Article 259.1 of the Tax Code of the Russian Federation)

Accounting for lease of fixed assets– procedure for registering the fact of transfer of fixed assets (property) for temporary use. The legal basis for this process is the lease agreement concluded between the landlord, on the one hand, and the tenant, on the other. The rental period of the property, depending on the duration, can be:

• short-term (lease period<1 года);
• medium-term (term from 1 to 3 years);
• long-term (term > 3 years).

The lease agreement may also provide special conditions further transfer of the right to an OS object from one person to another person. Depending on the terms of the transfer of fixed assets, the lease can be:

• current – ​​use of property without transfer of ownership;
• financed - transfer of ownership rights to the lessee upon expiration of the period of use of the property when purchasing the residual value of the property (leasing).

Accounting for the lease of fixed assets (property) by the lessor

Depending on the lessor’s line of business, leasing an object can be considered both the main activity and a one-time transaction. If the transfer of property is included in the main activity of the organization, then account 90 – “Sales” – is used in accounting. Costs arising from the transfer of property for rent are reflected in debit accounts - 20, 23, 26, 44. At the end of the month, the amount collected in these accounts is debited to account 90:

Debit 90.2 Credit 20, 23, 26, 44

When leasing property, the lessor continues to charge depreciation, which is reflected in debit account 91 - “Other income and expenses.” The lessee records the received fixed assets in off-balance sheet account 001.

Debit 91 Credit 02

Income received by the lessor from the transfer of fixed assets for use is reflected by posting:

Debit 76 Credit 90.1

At the end of the reporting period, the amount received is recorded in account 90, and the financial result from the transfer of property is displayed in account 99 - “Profits and losses”.

If the transfer of rights of use is a one-time operation for the organization, then in this case it is reflected by an entry in account 91 - “Other income and expenses”. Costs arising from the rental of property are reflected in the debit of account 91, and income from payments is reflected in the credit of account 91.

Lease payments include VAT. To reflect the accrual of VAT, use the following entry.

Debit 91.2/90.2 Credit 68

So, renting an operating system from a lessor involves the use of the following transactions:

Accounting for the lease of fixed assets (property) by the tenant

When accepting a fixed asset for temporary use, the lessee must reflect the cost of the received property on off-balance sheet account 001. It should be noted that the lessee does not charge depreciation on fixed assets, and rental payments are written off to expense accounts based on the posting:

Debit 20 /44 Credit 76

Lease payments include VAT, so the tenant can deduct VAT using the following entry:

Debit 19 Credit 76 and Debit 68 Credit 19

Payment of fees for the use of property is shown by posting:

Debit 76 Credit 51

When returning a fixed asset, the object is removed from account 001 by posting

Credit 001

Accounting for the redemption of fixed assets (property)

Let's consider typical situations when accounting for the repurchase of fixed assets. The purchase of fixed assets is carried out upon concluding a leasing agreement. In case of redemption of the leased property, the following posting takes place:

Debit 76 Credit 51

Expenses associated with the receipt of fixed assets are reflected in account 08, which also reflects the redemption value of the object paid to the lessor:

Debit 08 Credit 76

All payments previously paid under the lease agreement relate to investments in the fixed asset and are reflected in the account. 08. They are accounted for as depreciation and are reflected in standard postings:

Debit 08 Credit 02

The commissioning of a fixed asset is reflected in the balance sheet by posting:

Debit 01 Credit 08

Below is a table of the main transactions for repurchasing a fixed asset from the lessor.

Accounting for repairs of fixed assets

Option No. 1. Repairs at the expense of the tenant

If the repair of the fixed asset was carried out by the tenant, then such costs are reflected in the cost accounts for ordinary activities. Costs include: wages to employees (Debit 20 (44) Credit 70), expenses for materials and raw materials (Debit 20 (44) Credit 10), involvement of third-party companies (Debit 20/ 44 Credit 76).

Option #2. Repairs at the expense of the lessor

The second option involves carrying out repairs using the lessor's funds. This option is less common and occurs when the contract specifies the responsible parties for carrying out property repairs. Costs are credited to future rental payments and are reflected in account 20 - “Main production” or 44 - “Sales expenses”.

The amount of costs for repairing the OS is displayed in the posting:

Debit 76 Credit 20 /44

The concept of leasing fixed assets.

Under a lease agreement, the lessor undertakes to provide the tenant with property for temporary possession and use for a fee. The lease agreement must be concluded in writing.

A lease agreement for a building or structure for a period of at least one year is subject to state registration.

There are two types of rent:

1. Current lease

2. Long-term (financial, leasing) lease (with purchase of fixed assets)

Accounting for current leases from the lessor (tenant) includes the following sections:

· Leasing (acceptance) of fixed assets

· Accrual of rent receivable (for transfer)

· Reflection of repair and capital investment costs for leased fixed assets

When putting fixed assets into a current lease, a transfer of ownership does not occur, therefore, the leased fixed assets of the lessor are not removed from the balance sheet (depreciation is accrued from D 91 K 02), and for the lessee they are placed on off-balance sheet accounting (D 001).

Amounts of accrued rental payments:

· At the lessor - included with other operating income

(D 76 K 91) and VAT is charged on them (D 91 K 68)

· For the tenant - included in production and distribution costs (D 20,26,44 K 76), VAT is reflected in account 19 (D19 K 76).

Costs for current repairs leased fixed assets produced by the lessee are included in the costs of production and circulation (D20,26,44,43 K 10,70,69...).

Accounting long term rental(leasing).

Leasing is a type of investment activity for the acquisition of property and its transfer on the basis of a leasing agreement to individuals or legal entities for a certain fee, for a certain period and under certain conditions, with the right to purchase the property by the lessee.

The subject of leasing can be any non-consumable things, including enterprises, buildings, structures, equipment, vehicles and other property that can be used for business activities.

The subject of leasing cannot be land plots and other natural objects, as well as property that is prohibited for free circulation by federal laws.

Leasing relations are determined by the Federal Law “On Leasing” No. 164-FZ of October 29, 1998.

To account for long-term rental (leasing) transactions, the new chart of accounts uses 3 accounts:

08 – investments in non-current assets

62 – settlements with buyers and customers

76 – settlements with various debtors and creditors

98 – deferred income

08.76 for the tenant, 03 and 97 for the tenant.

Example: The lessor leases out fixed assets with the right to buy, the initial cost of which is 120,000, depreciation is 24,000. The agreement price is 150,000 at 10% per annum of the agreement price for a period of 5 years.

From the landlord:

1) the cost of the object is written off from the balance sheet

	Depreciation on the object is written off
	The residual value of the object is written off
	OS are leased at the price of the agreement
	The difference between the residual value and the agreement price is written off
	The amount of accrued interest is reflected in the accounting			10% per annum
	Annual write-off of part of the amounts recorded as deferred income to the profit of the reporting year
	Receipt of annual rent from the tenant and interest			(150000:5years)=30000+15000

Upon expiration of the agreement, the account.

62 is closing.

Having thus written off the leased asset from its balance sheet, the lessor accepts it for off-balance sheet accounting in account 011 “Fixed assets leased out”). In off-balance sheet accounting, the leased asset is included in the valuation specified in the leasing agreement.

A tenant renting an OS on a long-term lease has the following business situation:

On the one hand, leased fixed assets are shown on the balance sheet as part of the property

On the other hand, as a payable obligation

Accounting for current lease transactions of fixed assets Lack of available Money

• and the necessary sources of financing for the acquisition of fixed assets poses challenges for organizations to find other ways to update them. One of them is rent.
• Depending on the terms of the lease, it is divided into the following types:
• current;

long-term; financial (leasing). for use for business purposes (income generation). Under this type of lease, only new property is leased. The subjects of leasing are the leasing company (supplier of the leased asset), the lessor and the lessee. Accounting for transactions under lease agreements depends on its type. During the current lease, an “Act (invoice) of acceptance and transfer of fixed assets” is drawn up (form No. OS-1), which, together with a copy of the inventory card, is transferred by the lessor to the lessee. The lessor's property transferred to the current lease remains on the balance sheet and is subject to depreciation and property tax. Rent calculations in accounting reflect two parties: the lessor and the lessee. Table 1. – Accounting for the lessor Account correspondence Debit Credit 1. I will rent out a fixed asset for current lease 01 “Fixed assets” subaccount “Property transferred for current lease” 01 "Primary means" 2. Depreciation has been calculated for the month on the property leased out for current rent. 02 “Depreciation of fixed assets” subaccount “Depreciation of fixed assets transferred under current lease” 3. Accrued rent , including VAT 76 “Settlements with various debtors and Creditors” subaccount 3 “Settlements for due dividends and other income” 91 “Other income and expenses” subaccount 1 “Other income” 4. VAT is charged for payment to the budget on the rental amount 91 “Other income and expenses” subaccount 2 “Other expenses” 5. Rent received including VAT 76 “Settlements with various debtors and Creditors” subaccount 3 “Settlements for due dividends and other income” 51 “Current accounts” 6. The rent under the agreement is presented by the lessor in advance 76 “Settlements with various debtors and Creditors” subaccount 3 “Settlements for due dividends and other income”

Commercial organizations that specialize in leasing buildings, premises and other types of property consider rent as income from ordinary activities and take it into account as part of revenue from the provision of services in account 90 “Sales” subaccount 1 “Revenue”, costs are reflected on account 20 “Main production”. If renting for an organization is an auxiliary activity, then the lessor takes into account the amounts of payments for the rental of property as part of operating income in account 91 “Other income and expenses” subaccount 1 “Other income”.

Table 2. – Accounting of the tenant

Contents of a business transaction Accounting for transactions under lease agreements depends on its type. During the current lease, an “Act (invoice) of acceptance and transfer of fixed assets” is drawn up (form No. OS-1), which, together with a copy of the inventory card, is transferred by the lessor to the lessee. The lessor's property transferred to the current lease remains on the balance sheet and is subject to depreciation and property tax. 1. A fixed asset was received for current lease from the lessor at the cost of the contract 2. The lessor’s invoice for the amount of rent in the amount of VAT has been accepted 20 “Main production” 23 “Auxiliary production and other cost accounts 19 “VAT on acquired assets” subaccount 1 “VAT on the acquisition of fixed assets” 76 “Settlements with various debtors and Creditors subaccount 3 “Settlements for due dividends and other income” 3. Rent was transferred to the landlord including VAT 76 “Settlements with various debtors and Creditors” subaccount 3 76 “Settlements with various debtors and Creditors” subaccount 3 “Settlements for due dividends and other income” 4. The amount of VAT paid is presented to tax deduction 68 “Calculations for taxes and fees” subaccount “Calculations for VAT” 5. The object is returned to the lessor at the end of the lease period 001 “Leased fixed assets”

Accounting for transactions under a leasing agreement is regulated by Order of the Ministry of Finance of the Russian Federation dated February 17, 1997 No. 15 “On the reflection in accounting of transactions under a leasing agreement”, approved by the chart of accounts for the accounting of financial and economic activities of organizations and instructions for its application, approved by Order of the Ministry of Finance of the Russian Federation dated October 31 .2000 No. 94n (as amended by order of the Ministry of Finance of the Russian Federation dated May 7, 2003 No. 38n), accounting provisions and other regulatory documents.

In accordance with the leasing agreement, the transferred property may be on the balance sheet of both the lessor and the lessee. The lessor is financial and specialized leasing companies, brokerage leasing firms, branches of industrial corporations and other lessees are recognized entity or a citizen registered as an individual entrepreneur who receives property for use under a leasing agreement for a certain fee. The supplier of leased property is the manufacturing organization, another legal entity or citizen who sells the property that is the object of leasing.

Relations between leasing entities are regulated by Federal Law No. 164 of October 29, 1998 “On financial lease (leasing)” (as amended by Federal Law No. 10 of January 29, 2002).

Table 3. – Accounting for the lessor

Accounting for transactions under lease agreements depends on its type. Document During the current lease, an “Act (invoice) of acceptance and transfer of fixed assets” is drawn up (form No. OS-1), which, together with a copy of the inventory card, is transferred by the lessor to the lessee. The lessor's property transferred to the current lease remains on the balance sheet and is subject to depreciation and property tax. An invoice from the leasing company for the cost of the fixed asset received under the contract was accepted 08 “Investments in non-current assets” subaccount 4 “Acquisition of fixed assets” for the amount of VAT on the purchased object 19 “VAT on acquired fixed assets” subaccount 1 “VAT on the acquisition of fixed assets” 60 “Settlements with suppliers and contractors” Sales and purchase agreement, acceptance certificate, invoice Transferred from the leasing company's current account to pay off the debt 60 “Settlements with suppliers and contractors” 76 “Settlements with various debtors and Creditors” subaccount 3 “Settlements for due dividends and other income” The object is capitalized in the amount of all costs associated with the acquisition (initial cost, costs of delivery, installation, installation) excluding VAT 03 “Profitable investments in material assets” sub-account “Property intended for leasing” 08 “Investments in non-current assets” subaccount 4 Leasing agreement, act (invoice) (form OS-1) accepted for VAT deduction 68 “Calculations for taxes and fees” subaccount “Calculations for VAT” 19 “VAT on purchased valuables” subaccount 1 Accounting information the property was leased to the lessee 03 “Profitable investments in material assets” sub-account “Property leased” 03 subaccount “Property intended for leasing” Leasing agreement, act (invoice) of acceptance and transfer of fixed assets (form No. OS-1) accrued debt of the lessee under the leasing agreement (lease payments) 62 “Settlements with buyers and customers” 90 “Sales” subaccount 1 “Revenue” Leasing agreement VAT is charged on the lease payment amount 90 subaccount 3 “VAT” 68 subaccount “VAT calculations” Help-calculation depreciation accrued on leased property 20 “Main production” 23 “Auxiliary production” and other cost accounts 02 “Depreciation of fixed assets” subaccount “Depreciation of fixed assets leased” Accounting statement, depreciation statement The lessor's expenses under the leasing agreement are written off 90 subaccount 2 “Cost of sales” 20 “Main production”, 23 “Auxiliary production” and other cost accounts Reflects the financial result (profit) from leasing property 90 subaccount 9 “Profit from sale” 99 "Profits and losses" Accounting certificate-calculation The emergence of a deferred tax asset due to the difference between accounting and tax depreciation is reflected. (the accrued amount of depreciation in accounting exceeds the amount of depreciation for tax purposes) 09 “Deferred tax asset” 68 subaccount “Calculations for income tax” Accounting certificate-calculation reflects the occurrence of a deferred tax liability due to excess depreciation for tax purposes and for accounting purposes 68 subaccount “Calculations for income tax” 77 “Deferred tax liability “Property leased” Accounting certificate-calculation At the end of the leasing agreement, ownership of the property transferred to the lessee 02 subaccount “Depreciation of fixed assets leased” Leasing agreement, act (invoice) of acceptance and transfer of fixed assets In case of return of property by the lessee at the end of the leasing agreement 01 “Fixed assets” subaccount “Own fixed assets” 03 subaccount “Property leased” Leasing agreement, act (invoice) of acceptance and transfer of fixed assets

Table 4. – Accounting for the lessee
(leasing property is recorded on the lessor’s balance sheet)

Contents of business transactions Accounting for transactions under lease agreements depends on its type. Document During the current lease, an “Act (invoice) of acceptance and transfer of fixed assets” is drawn up (form No. OS-1), which, together with a copy of the inventory card, is transferred by the lessor to the lessee. The lessor's property transferred to the current lease remains on the balance sheet and is subject to depreciation and property tax. 1. The property has been accepted for off-balance sheet accounting, since the lessee is not its owner 001 “Leased fixed assets” Leasing agreement, acceptance certificate of fixed assets 2. Assigned lease payments for the reporting period 20 "Main production" Leasing agreement 3. VAT on leasing payments is reflected 76 subaccount “Debt on leasing payments” Lessor's invoice 4. Leasing payments are listed 76 subaccount “Debt on leasing payments” 76 “Settlements with various debtors and Creditors” subaccount 3 “Settlements for due dividends and other income” Payment order, bank statement 5. The VAT amount is claimed for tax deduction 68 subaccount “VAT calculations” 19 subaccount “VAT on the acquisition of fixed assets” Accounting information 6. Upon expiration of the leasing agreement 001 “Leased fixed assets” Leasing agreement, acceptance certificate (invoice) (form No. OS-1) 7. Leased property was purchased upon expiration of the contract and taken onto the balance sheet 01 subaccount “Own funds” Certificate (invoice) of acceptance and transfer of fixed assets (form No. OS-1).

If the residual value of the leased property is zero, then depreciation is not charged, although the useful life has not expired.

Table 5. – Accounting for the lessor
(leasing property is accounted for on the lessee’s balance sheet)

Contents of business transactions Accounting for transactions under lease agreements depends on its type. Document During the current lease, an “Act (invoice) of acceptance and transfer of fixed assets” is drawn up (form No. OS-1), which, together with a copy of the inventory card, is transferred by the lessor to the lessee. The lessor's property transferred to the current lease remains on the balance sheet and is subject to depreciation and property tax. 1. The lessee’s debt has been accrued for the contractual (redemption) value of the property 76 subaccount “Debt on leasing payments” 91 subaccount “Other income” Leasing agreement, accounting statement-calculation 2. The amount of VAT has been calculated on the contractual (redemption) value of the property 91 subaccount 2 “Other expenses” 68 subaccount “VAT calculations” 3. The cost of the leased property is written off from the lessor’s balance sheet to the lessee’s balance sheet 91 subaccount 2 “Other income” 03 subaccount “Property leased” Certificate (invoice) of acceptance and transfer of fixed assets (form No. OS-1) 4. The transferred property is reflected in the off-balance sheet account until the end of the lease agreement 011 “Fixed assets leased out” Leasing agreement, act (form No. O-1) 5. Leasing payments received from the lessee 76 “Settlements with various debtors and Creditors” subaccount 3 “Settlements for due dividends and other income” 76 subaccount “Debt on leasing payments” Extract the form 6. The lessee's debt has been accrued in the amount of the retail amount between the amount of lease payments and the redemption value of the property under the agreement 76 subaccount “Debt on leasing payments” Leasing agreement, accounting certificate 7. The income (remuneration) of the lessor (revenue from leasing the property) is reflected in the amount of the retail amount between the payment amount and the repaid part of the contractual (redemption) value of the property 98 “Deferred income” 90 subaccount 1 “Revenue” Accounting information 8. VAT charged on revenue 90 subaccount 3 “VAT” 68 subaccount “VAT calculations” Invoice, accounting certificate 9. Profit from leasing operations is reflected 90 subaccount 9 “Profit from sales” 91 subaccount 9 “Balance of other income and expenses” 99 "Profits and losses" Accounting certificate-calculation

Table 6. – Accounting for the lessee
(leasing property is accounted for on its balance sheet)

Contents of business transactions Accounting for transactions under lease agreements depends on its type. Document During the current lease, an “Act (invoice) of acceptance and transfer of fixed assets” is drawn up (form No. OS-1), which, together with a copy of the inventory card, is transferred by the lessor to the lessee. The lessor's property transferred to the current lease remains on the balance sheet and is subject to depreciation and property tax. 1. The debt to the lessor is reflected (for the cost of the leased property and the costs of bringing it to working condition) Leasing agreement, acceptance certificate of fixed assets, invoice 2. The amount of VAT presented by the lessor is reflected 76 subaccount “Leasing obligations” Lease agreement, invoice 3. Leased property put into operation 08 subaccount “Purchase of objects under a leasing agreement” Certificate of acceptance and transfer of fixed assets 4. Leasing payments accrued 76 subaccount “Leasing obligations” Leasing agreement accounting certificate 5. Lease payment transferred to the lessor 76 subaccount “Leasing payments” 76 “Settlements with various debtors and Creditors” subaccount 3 “Settlements for due dividends and other income” Bank statement 6. VAT amount accepted for deduction 68 subaccount “VAT calculations” 19 subaccount 1 “VAT on the acquisition of fixed assets” Invoice 7. The amount of depreciation on leased property has been calculated monthly 20 “Main production” 23 “Auxiliary production” and other cost accounts 02 subaccounts “Property received on lease” Statement of depreciation for fixed assets 8. On the date of transfer of ownership from the lessor, the receipt of property is reflected 01 subaccount “Own fixed assets” 01 subaccount “Property received on lease” Accounting information 9. Depreciation of own fixed asset is reflected 02 subaccount “Depreciation of property leased” 02 subaccount “Depreciation of own fixed assets” Accounting information

Analytical accounting of profitable investments in material assets for each object is kept on inventory cards. Consolidated analytical accounting of the movement of leased fixed assets is carried out in the table of analytical data for account 03 on the back of the journal-order 13-APK, which is built in the form of a reverse statement. The turnover results in the table are verified with the data of the journal-order 13-APK.