ALGORITHM FOR DETERMINING OF THE USEFUL LIFE OF FIXED ASSETS
Journal Title: Сталий розвиток економіки - Year 2016, Vol 33, Issue 4
Abstract
Purpose is study of existing methodology for determining of the term usefulness of fixed assets, establish its flaws and searching for ways to improve in order to create conditions for a full realization of reproductive function amortization, ensure effective recovery of fixed and stable functioning of the enterprise as a whole. Methodology of research. In research process used the general and specific methods of investigation, including: the method of theoretical generalization and comparison study which was the basis for the methodology for determining the useful life of fixed assets according to R(S) 28 and IAS 36; the logical method, methods of induction and deduction, grouping and summarizing made the basis of proof of the relationship and depreciation policy term useful lives of fixed assets of the enterprise; graphical method used in constructing the algorithm for determining and changing life of the fixed assets and monographic in the presentation of research results. Findings. The relationship depreciation policy with useful life of fixed assets was established, which allowed to develop an algorithm for determining and changing the useful life of fixed assets and thus ensure the optimization depreciation policy entities. Originality is the development of algorithm for determining and changing the useful life of fixed assets, which will help create conditions for a full realization of reproductive function amortization, ensure effective and sustainable enterprise development. Practical value. The main provisions of this research in the form of proposals and guidelines can be used by business entities in determining or changing the useful life of the assets.
Authors and Affiliations
Nataliia Levchenko, Maksym Nikitchenko
Keywords
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