Regarding fixed assets
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Are installation costs included in fixed assets?
I know a little; this definitely won’t happen.
This is how we do it: if it’s the construction of a new factory, the construction costs are included in the fixed assets； If it is the end of a project and maintenance or rectification work is carried out, these costs are included in the workshop costs and not counted as fixed assets.
For amounts over 2,000 yuan, devices with independent functions are considered based on the after-tax price; buildings are also included in this calculation, but materials and labor costs are not. Depreciation cannot be taken into account, so that’s the remaining value
The newly installed ones are counted as such, while those repaired or modified in the future are included in the major repair costs.
When calculated by entity, hidden costs don’t need to be kept in mind
Since it does not belong to fixed assets, it is recorded as investment cost; it cannot be considered a fixed asset in any case
Installation fee + shipping and handling fees + original equipment price +. . . . . =The cost of equipment acquisition is used as the basis for valuing fixed assets. However, since the wages and benefits associated with the installation work carried out by in-house employees are considered part of the production and operating costs, they do not need to be included in the fixed assets
Included; the costs associated with installation services are also recorded as part of the fixed assets
The costs associated with installation work must be included in fixed assets, and the formation rate of fixed assets is generally over 90% of the investment amount