ACCOUNTING AND TAX ASPECTS REGARDING DEPRECIATION OF PROPERTY, PLANT AND ASSETS

Abstract

Business units use property, plant and equipment and intangible. Property, plant and equipment are assets that generate future economic benefits and are held for more than one year. The accounts in group 21 "Property, plant and equipment" are used to record property, plant and equipment. Expenses related to the acquisition, production, construction of depreciable fixed assets and investments made in them are recovered by including in the operating expenses the value of the depreciation produced. Tax depreciation is deductible when calculating corporate income tax and may be equal to or different from accounting depreciation.

Keywords

• fixed assets
• depreciation