Fixed assets II

Fixed assets

• Economic ownership.
• Activation time.
• Determination of acquisition costs.
• Differentiation from expense recognition.
• Start of depreciation, scheduled and unscheduled depreciation.
• Classification and disclosure of fixed assets.
• Composition and structure of fixed assets.
• Schedule of fixed assets.

Valuation of fixed assets

• Acquisition costs.
• Production costs.
• Lowest valuation of fixed assets, impairment losses and reversal of impairment losses.
• Recognition and measurement consistency.
• Valuation simplifications, e.g. fixed value valuation.
• Treatment of grants.
• Own work capitalized.

Accounting for intangible assets

• Outline.
• Activation vs. immediate expenditure.
• Recognition and measurement of internally generated intangible fixed assets.
• Treatment of R&D costs.
• Accounting for software and ERP software at the software user.
• Employee inventions.
• Capitalization of goodwill acquired against payment.

Accounting for land and buildings

• Differentiation between maintenance costs and production costs for buildings.
• Delimitation of building components, operating equipment, fictitious components and leasehold improvements.
• Buildings on third-party land.
• Accounting treatment of demolition costs.
• component approach.

Accounting Special topics

• Low-value assets (GWG).
• Reinvestment reserve in accordance with section 6b EStG.
• Reserve for replacement purchases in accordance with R 6.6 EStR.

Key figures

• Practical key figures for fixed assets.