{"id":9879,"date":"2018-09-20T10:39:07","date_gmt":"2018-09-20T07:39:07","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=9879"},"modified":"2018-09-20T13:46:10","modified_gmt":"2018-09-20T10:46:10","slug":"conceptual-and-methodological-approaches","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/conceptual-and-methodological-approaches\/","title":{"rendered":"Pylypenko Liubomyr, Tyvonchuk Olena, Conceptual and methodological approaches for the enterprise and the state depreciation policy formulation"},"content":{"rendered":"

[vc_row][vc_column width=”1\/2″][vc_column_text]JEL Classification<\/strong>: D24; M41.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_column_text]<\/p>\n

DOI<\/strong>:\u00a0https:\/\/doi.org\/10.31521\/modecon.V10(2018)-14<\/a><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Pylypenko Liubomyr, <\/strong>Doctor of Economics, Professor of Department of Accounting and Analysis, Lviv Polytechnic National University, Lviv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0003-4306-7531<\/a>
\ne-mail:<\/strong> lpylypenko@ukr.net<\/a><\/p>\n

Tyvonchuk Olena, <\/strong>Candidate of Economic Sciences, Associate Professor of Department of Accounting and Analysis, Lviv Polytechnic National University, Lviv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0001-5524-6516<\/a>
\ne-mail:<\/strong> patronk@meta.ua<\/a><\/p>\n

Conceptual and methodological approaches for the enterprise and the state depreciation policy formulation<\/strong><\/h2>\n

Abstract. Introduction<\/strong>. Depreciation policy remains to be an important element of financial and the enterprises accounting policies of the economic regulation system by the public authorities. However, the development of post-industrial economy, which has caused a change in economic conditions of the enterprises functioning, in particular in the structure of non-current assets and the terms of their use due to the possible obsolescence, necessitates the further development of depreciation methods.<\/p>\n

Purpose<\/strong>. The purpose of the paper is to study the conceptual and methodological approaches to the formation of depreciation policy of the enterprises and the State in the conditions of post-industrial economy.<\/p>\n

Results<\/strong>. On the base of the proven relationship between the functions and the concepts of depreciation, it was substantiated that today depreciation performs the fiscal, distributive functions and the function of capital maintenance at the enterprise level, as well as regulatory and fiscal functions at the state level. The main objectives of national depreciation policy were determined, their mutual inconsistency was established. The characteristic of the elements of enterprises depreciation policy was given; its main tasks were defined. Empirical and graphic analysis of influence of fixed assets useful life on the intensity of their depreciation was carried out, as a result of which the depreciation methods, leading to the largest and lowest intensity of the object’s depreciation, were determined.<\/p>\n

Conclusions<\/strong>. The national depreciation policy should be directed at the formation of methodological tools for protecting capital from the phenomenon of moral aging, as well as for preventing the overestimation of the cost and prices in social and public interest areas of economic activity.<\/p>\n

The enterprise depreciation policy as an element of its accounting policy should determine the procedure for establishing the periods of depreciation (useful use) of non-current assets, methods of computing, the technique of accumulated depreciation revaluation, the order of writing off for expenses broken down by the objects, etc. This policy could be one of the financial and accounting tools for protecting enterprises’ capital from the phenomenon of equipment and technology moral aging. By determining the depreciation period and methods of computing, the enterprise management team can regulate the rate of charging the value of non-current assets to expenses. However, such protection mechanism against obsolescence is insufficient. Thus, one of the further research directions is substantiation of the methodology and detailed elaboration of the procedure for creating a reserve for the moral (technological) depreciation of fixed capital.<\/p>\n

Keywords<\/strong>: amortization; depreciation; obsolescence; depreciation policy; depreciation concepts.<\/p>\n

References:<\/strong><\/p>\n

    \n
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    [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column width=”1\/2″][vc_column_text]JEL Classification: D24; M41.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_column_text] DOI:\u00a0https:\/\/doi.org\/10.31521\/modecon.V10(2018)-14 [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] Pylypenko Liubomyr, Doctor of Economics, Professor of Department of Accounting and Analysis, Lviv Polytechnic National University, Lviv, Ukraine ORCID ID: 0000-0003-4306-7531 e-mail: lpylypenko@ukr.net Tyvonchuk Olena, Candidate of Economic Sciences, Associate Professor of Department of Accounting and Analysis, Lviv Polytechnic National University, Lviv, Ukraine ORCID ID: 0000-0001-5524-6516 e-mail:
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