QUESTIONS OF RECOGNITION AND DEPRECIATION OF OBJECTS OF ACCOUNTING IN THE FIELD OF LAND RELATIONS
| Autor: | Sergey Legenchuk, Tetyana Ostapchuk, Oksana Novak, Alexander Petruk |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Inflation
Land use business.industry lcsh:HB71-74 Depreciation media_common.quotation_subject lcsh:Economics as a science Accounting Residual value capital expenditures on improvement of land depreciation Capital expenditure land assets accounting regulations (standards) Production (economics) international standards of financial reporting ownership of land assets Settlement (trust) business Tax law media_common |
| Zdroj: | European Cooperation, Vol 8, Iss 39 (2019) |
| ISSN: | 2545-3483 2449-7320 |
| Popis: | Recognition of criteria for all assets of an enterprise based on the study of normative and methodological documents were investigated and summarized in this article. The approaches to the criteria for recognition and depreciation of such objects of long-term assets as capital expenditures on land improvement and land use rights are explored. The depreciation charge for capital expenditures on land improvement should be carried out using the straight-line method, the method of reducing the residual value or cumulative, since the tax law does not use the method of accelerated reduction of residual value, and it is inappropriate to apply the production method of depreciation. Using the method of reducing the residual value or cumulative, will allow in the shortest possible time to accumulate depreciation deductions, keeping them from inflation depreciation. The straight-line method should be applied for the right to use a land plot because it is possible for use for the objects that were recognized as intangible assets. In accounting for monitoring the formation and use of depreciation deductions for reproduction of the above-mentioned objects of long-term assets, it is recommended for the calculation of the amounts to collect the required settlement information on accounts using the MS Excel table processor. The practical application of this table processor will simplify the calculation and promptness of providing information to investors, shareholders and others, and it will enable them to strategically approach the formation of depreciation policy of the enterprise. |
| Databáze: | OpenAIRE |
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