Determining the Fair Value of Digital Assets for Accounting Purposes
| Autor: | Andrii Makurin, Tetiana Tarasova |
|---|---|
| Jazyk: | English<br />Ukrainian |
| Rok vydání: | 2021 |
| Předmět: | |
| Zdroj: | Науковий вісник Мукачівського державного університету. Серія Економіка, Vol 8, Iss 1, Pp 9-17 (2021) |
| Druh dokumentu: | article |
| ISSN: | 2313-8114 2518-1254 |
| DOI: | 10.52566/msu-econ.8(1).2021.9-17 |
| Popis: | The conducted study is related to the definition of approaches to assessing the actual costs of digital assets received by an enterprise, controlled by it and accounted for at a particular value. The purpose of the study is to determine the parameters for estimating the value of the received asset from the type of operations (mining, barter). The paper uses the description method, which allows establishing certain features of the accounting reflection of cryptocurrencies in accounting, depending on the type of operations, recognition and the option of estimating the value of such an asset. The main operations using cryptocurrencies are analysed. It is established that when making transactions with virtual currencies, cryptocurrencies, and digital assets, special attention should be paid to measuring the consumer value of certain goods (assets). Various approaches to measuring the consumer value of assets are analysed. The possibilities of applying the main types of value are considered, and it is established that none of them exhaustively reveals the essence of measuring the consumer value of digital assets, virtual currency, or cryptocurrencies. The introduction of a new type of value as an attribute value is proposed and substantiated. The main options for evaluating cryptocurrencies depending on operations with such assets are disclosed and options for using a particular type of value assessment are recommended. The attribute value is calculated depending on certain types of operations. It is established that the proposed attribute value reflects a direct dependence on income and on the sale of an asset, the cost of such an asset received and its recognition for tax purposes. A real example of calculating and applying the attribute value of a Bitcoin Cash coin for reporting when revaluing an asset is given |
| Databáze: | Directory of Open Access Journals |
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