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National and International Methods of Fixed Assets wear and tear genus Silvia Samara Ph. D student Valahia University Faculty of Economics Târgovi?te, Romania samara_vet@yahoo.com Abstract: disparagement is an extremely debated subject in the pluss explanation area. Numerous articles were write on the subject and very contrasting accounting solutions adjudge been chosen from one country to another. Depreciation reflects best, the rate of habit of stinting benefits attached to the asset, knowing that, mainly, by using it, the asset is consumed. Thus, it is considered that disparagement reflects the consumption of futurity economic benefits attached to an asset, as effect of its routine and as a result of fleshly or moral wear; the bearing of determining it is the incidence resultant of specific parameters such as the economic life, the deliver jimmy, the chosen derogation method and so on JEL classification: M41. Keywords: dispraise, depreciable value, depreciable assets, depreciation methods, impairment, IAS 16. 1. Introduction Depreciation, as a process, is allocating, transferring the constitute of assets on the economic consumption period, in request to relate economic benefits attached to the asset with efforts to own it.

Thus, the personify of the capitalized asset on entry into a balance account, tangible assets, for example, will be allocated to expenditure cost in proportion with obtaining future economic benefits, thus respecting the prescript of connecting expenditure with the income period. The value depreciation, jibe to IAS, is a loss of value occurred during the economic life of an asset, the consequence of the incidence of spe cific factors - versed or external - that ! bring in fair value, except for the be of sale or the use value to be write down than the net deport value. Thus, in order to measure depreciation during the asset life, the entity call for to know the size of accumulated depreciation that adjusts the initial cost to obtain, at t moment, of the net book value - the...If you destiny to get a full essay, order it on our website: OrderEssay.net

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