FIXED ASSETS WITH AN OPEN-ENDED USEFUL LIFE AS A NEW OBJECT OF ACCOUNTING IN THE SHIP REPAIR INDUSTRY

Abstract

The industry-specific factors that contribute to the allocation of a new object of accounting in property, plant and equipment of the ship repair industry organizations are revealed. Specificity the salvaging operation of hydraulic structures, which affect the organization and methodology of objects` accounting, is described. The definition of «fixed assets with an open-ended useful life» is proposed.

Keywords

• accounting
• fixed assets
• marine hydraulic engineering facilities
• ship repair industry