Before their entry into the register

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[size=14.6667px]Therefore, the entrepreneur himself should prepare the document on the basis of which the property will be included in the company's fixed assets register, this may, for example, be the preparation of a statement. How should real estate included in the company's assets be valued? The starting point for starting the depreciation of a property will be to determine its initial value. As it turns out, this is not such an obvious issue very often. If we look at the Personal Income Tax Act, we will learn from it that.

[size=14.6667px] The initial value of fixed assets and intangible assets, in the case of used fixed assets , is their purchase price, but not philippines photo editor[size=14.6667px] higher than the value market. If an entrepreneur has a problem with determining the purchase price, another provision of Art. g paragraph PIT Act, which states that in such cases, the initial value of such funds is assumed in the amount resulting from the valuation made by the entrepreneur.
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[size=14.6667px] Taking into account the market prices of fixed assets of the same type from December of the year preceding the year in which the records or list of fixed assets were established. However, there must be valid reasons for this. As a rule, the basis for real estate valuation should be the purchase price, which appears in the notarial deed. However, cases in which the property is old, has been passed down from generation to generation.