The procedure for reflecting low-value fixed assets in the accounting records according to FSBU 6/2020

An organization may have property whose useful life exceeds 12 months, and its value is below the limit. These are household equipment, overalls, stationery, tools and so on. In other words, this is a low-value property of the company, and its accounting depends on whether the company applies PBU 6/01 in 2021 or switched to FSBU 6/2020 ahead of schedule.