Encyclopedia
Residual Value of Fixed Assets and Intangible Assets
The residual value of fixed assets and intangible assets - reflects the residual value of acquired (constructed, manufactured) fixed assets and acquired (created by the organization itself) intangible assets, which have been paid for prior to transitioning to the simplified taxation system, in the form of the difference between the acquisition price (construction, manufacturing, creation by the organization itself) and the amount of accumulated depreciation1.
Federal Law No. 101-FZ dated July 21, 2005, "On Amending Chapters 26(2) and 26(3) of Part Two of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation on Taxes and Fees, as well as on Declaring Certain Provisions of Legislative Acts of the Russian Federation Obsolete," dated July 21, 2005, amended on July 22, 2008, Article 1, Subparagraph 2 // RSZ RF. 2005. No. 30. Page 3112. ↩