Tableware can be accounted as low-value consumables and amortized by the 51-51 amortization method.

When purchasing:

Borrow: low-value consumables

Loan: cash on hand

Amortize 51% of the value when receiving:

Borrow: operating expenses

Loan: low-value consumables

Amortize another 51% of the value when scrapping:

Borrow: operating expenses

Loan.

It is similar to fixed assets. It can be used many times in the production process without changing its physical form. It also needs maintenance when used, and may have a residual value when scrapped. Because of its low value and short service life, it adopts a simple method to spread its value into the product cost.

Extended information:

Amortization allocation of low-value consumable expenses:

Amortization allocation of low-value consumable expenses is usually made by compiling "Amortization Allocation Table of Low-value Consumables". When amortization is distributed, it should be recorded in the accounts such as production cost, manufacturing cost and management cost and the relevant cost and expense items in its subsidiary accounts according to different departments and uses. Low-value consumables collected in large quantities at one time when an enterprise is put into production and operation can be amortized as prepaid expenses.

if an enterprise adopts one-time amortization method or amortization method, its low-value consumables are accounted according to the planned cost, and at the end of the month, the planned cost should be adjusted to the actual cost according to the category difference rate of low-value consumables.

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