of October 27, 2011 No. 4447/6/15-1216
GNSU considered the letter of Ltd company of rather some tax matters according to the current legislation and reports. Concerning the cost of groups of fixed assets at depreciation
According to the paragraph the fifth item 6 of subsection 4 of the Section XX "Transitional provisions" of the Tax code of Ukraine (further - the Code) if the total cost of all groups of fixed assets on accounting data is less, than total cost of all groups of fixed assets according to tax accounting for date of the introduction in action of the Section III of this Code, then the temporary tax difference which results from such comparison will be amortized as separate object using rectilinear method within three years.
If the total cost of all groups of fixed assets on accounting data is more, than total cost of all groups of fixed assets according to tax accounting by condition for April 1, 2011, then the difference which arises will be amortized in tax accounting in accordance with general practice as integral part of cost of fixed asset objects of the corresponding groups. Concerning taking into account of the amount of revaluation of fixed assets for fixed asset depreciation
According to paragraph one of the item 6 of subsection 4 of the Section XX "Transitional provisions" of the Code these inventory counts, carried out by condition for April 1, 2011 are applied to determination of the list of fixed asset objects, other non-current and intangible assets on groups according to item 145.1 of Art. 145 of this Code for the purpose of depreciation from the date of the introduction in action of the Section III of this Code.
According to the paragraph the fourth item 6 of subsection 4 of the Section XX "Transitional provisions" of the Code the revaluated value of fixed assets does not join the amount of revaluation of fixed assets which is carried out after January 1, 2010.
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