Quyết định số 2000/QD - BTC Decision of minister of finance: On the experimental application of the adjusted declining - balance method in fixed asset depreciation (<font color="red">Content Attached</font>)

ministry of finance socialist republic of vietnam Independence - Freedom - Happiness No: 2000/QD - BTC Hanoi, 31st December 2001 Decision of minister of finance on the experimental application of the adjusted declining - balance method in fixed asset depreciation minister of finance Pursuant to the Decree No 15/CP dated 2nd March 1993 of the Government providing task, power and responsibility in the state management of ministries, ministerial agencies; Pursuant to the Decree No 178/CP dated 28th October 1994 of the Government providing task, power and organizational apparatus of Ministry of Finance; Facilitating enterprises to replace, renew machinery and equipment so as to apply advanced technology, modern technique best suited business requirements of enterprises and the economy; According to the request of the Director General of the Financial Policy Department; decides Article 1: Experimentally applying the depreciation regime using adjusted declining - balance method for some fixed assets that have high invisible worn out rate and need to be replaced and renewed, at five (5) enterprises stipulated in annex I issued together with this Decision. During the period of experimentally applying the depreciation regime using adjusted declining - balance method, the aforesaid enterprises should ensure attaining profit from production and business. Article 2: The fixed assets used in business that are allowed to deduct the depreciation expense according the adjusted declining - balance method should simultaneously satisfy following conditions: They are machinery and equipment producing products of high and new technology projects as provided in the Circular No 02/2001/TT-BKHCNMT dated 15th February 2001 of the Ministry of Science, Technology and Environment. They are newly invested fixed assets (not yet used), used fixed assets that have remaining value of more than 70% (compared with original cost of fixed assets that are being used by the enterprise, or the selling price of the new fixed assets of the same category or equivalent fixed assets in the market in relation to the used assets that are purchased by the enterprise). Article 3: The determination of depreciation deduction level of fixed assets according to the adjusted declining - balance method is carried out in following steps: