RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS AND MINISTRY OF ARCHITECTURE OF THE REPUBLIC OF BELARUS

of October 23, 2008 No. 156/46

About procedure for reflection of transactions on write-off of not used objects in financial accounting

In pursuance of Item 2 of the resolution of Council of Ministers of the Republic of Belarus of October 21, 2008 "About approval of the Regulations on procedure and conditions of forming of the list of not used objects and procedure for their write-off" the Ministry of Finance of the Republic of Belarus and the Ministry of Architecture of the Republic of Belarus DECIDE No. 1557:

1. Determine that:

1.1. residual cost of buildings, constructions, the isolated rooms, the cost of the should capital structures completed by construction, expenses on technical inspection, development of the design estimates, dismantle and demolition of these objects which are written off from financial accounting are reflected on the debit of account 97 "Deferred expenses" sub-account "Write-off of not used objects";

1.2. in financial accounting the economic activities connected with write-off of not used objects are reflected:

on the debit of account 02 "Fixed asset depreciation" in correspondence with account 01 credit "Fixed assets" on cumulative depreciation amount of the written-off buildings, constructions, the isolated rooms;

on the debit of account 97 "Deferred expenses" sub-account "Write-off of not used objects" in correspondence with account 01 credit "Fixed assets" on residual cost of the written-off buildings, constructions, the isolated rooms;

on the debit of account 97 "Deferred expenses" sub-account "Write-off of not used objects" in correspondence with account 08 credit of "Investment in non-current assets" for book value of the should capital structure completed by construction;

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