Fixed Assets or Tangible Assets – Everything Your Company Needs!
725-01-2025 B
Fixed Assets, also known as Tangible Assets, are one of the most crucial areas for patrimonial and accounting organization in a company. Proper management is essential to ensure asset security, compliance with legal standards, and the use of tax benefits. Let’s explore the main questions about this topic and how AXS Consultoria Empresarial can assist your business.
Fixed Assets or Tangible Assets?
Both terms refer to long-term tangible assets of a company, such as buildings, machinery, equipment, and vehicles. These assets are vital for operations and are not intended for sale.
What Typically Comprises Fixed Assets?
Fixed Assets consist of tangible assets used in production, supply of goods or services, rental, or administrative purposes. Examples include:
- Land;
- Buildings;
- Vehicles;
- Machinery and equipment;
- Furniture and utensils.
According to the standards of the Accounting Pronouncements Committee (CPC 27) and recommendations from IBAPE (Brazilian Institute of Engineering Appraisals and Expertise), these assets must be properly identified and recorded to ensure transparency and compliance.
Should Asset Depreciation Be Calculated Using Systems or Spreadsheets?
While it is possible to calculate depreciation using spreadsheets, the use of specialized systems is highly recommended. Dedicated systems offer greater accuracy, automated calculations, and integration with other accounting processes.
Can Any Company Benefit from Depreciation?
Yes! Depreciation allows companies to recover the value of assets over time, which can be used as a tax deduction when calculating taxes such as IRPJ and CSLL, as provided for in Brazilian tax legislation (Law 6.404/76).
Should I Use Depreciation Rates Provided by the Federal Revenue or Apply Useful Life Concepts?
The choice depends on the purpose:
- For tax purposes, it is recommended to use the rates defined by the Federal Revenue;
- For internal management and more realistic reports, it is preferable to use Useful Life concepts, as outlined by CPC standards and IBAPE guidelines.
Where Can I Obtain Useful Life Rates?
Useful life rates can be found in manuals from the Federal Revenue, standards from the Accounting Pronouncements Committee (CPC 27), and technical guides from IBAPE. Specialized companies like AXS Consultoria Empresarial can also provide support in defining appropriate rates.
Is a Fixed Assets Inventory Really Necessary?
Yes, inventory is essential to maintain patrimonial control, prevent losses, identify unregistered assets, and ensure compliance with accounting standards such as those established by CPC 27 and the Corporate Accounting Manual.
My Company Has No Control. Where Should I Start?
If your company lacks patrimonial control, the first step is to conduct a complete survey of the assets. This includes:
- Identifying assets;
- Tagging with identification plates;
- Registering in a management system or spreadsheet.
Is It Necessary to Hire a Specialized Company for Asset Surveying?
While it is possible to perform the survey internally, hiring a specialized company ensures greater accuracy, efficiency, and compliance with accounting standards. AXS Consultoria Empresarial follows the guidelines of ABNT NBR 14653 for patrimonial appraisals.
What Is Fixed Assets Tagging?
Tagging involves the physical identification and recording of assets in the company’s patrimonial system. This process is essential for ensuring traceability and asset control.
How Should We Handle Adjustments for Assets Not Found in the Inventory?
Assets not found should be registered as discrepancies and investigated. If loss or disposal is confirmed, accounting adjustments must be made, and records should be regularized, as outlined by CPC 27 and IBAPE recommendations.
Can a Company That Has Not Adopted IFRS Make Patrimonial Adjustments?
Yes, even companies that have not adopted IFRS can make patrimonial adjustments to reflect the economic reality of their assets, provided they follow CPC guidelines and applicable legislation.
Can Depreciation Based on Useful Life Be Deducted in IRPJ or CSLL Calculations?
Yes, as long as the company uses rates provided in legislation or technical justifications for useful life, depreciation can be deducted in the calculation of IRPJ and CSLL.
Do Companies Taxed Under Simples Benefit from Fixed Assets Control?
Although companies under the Simples Nacional regime cannot directly deduct depreciation, patrimonial control still offers advantages such as organization and facilitation of financing and insurance.
AXS Consultoria Empresarial Specializes in Patrimonial Organization Throughout Brazil!
With proven experience in patrimonial organization and asset management, AXS Consultoria Empresarial is a market leader. We serve companies of all sizes across Brazil, ensuring quality, security, and efficiency. Count on us to optimize your fixed assets management!
Data: 29/05/2025
