Influence of depreciation calculation of fixed assets on the optimization of income tax

Abstract

Abstract. The article explores the possibility of applying various approaches to the depreciation calculation in tax accounting, it takes into the account characteristics of depreciable assets, the establishment of various useful lives and methods for calculating depreciation. The article analyses the possibility of using an alternative choice of calculating depreciation in order to reduce the tax burden on the enterprise in terms of income tax. The attention is focused on the application of tax benefits established by the Tax Code. It can be used in calculating depreciation of fixed assets. The author deals with the main differences between the depreciation calculation of charges of fixed assets in accounting and tax accounting, she formulates the problems arising due to different approaches to the estimation of initial cost and depreciation calculation.

Depreciation Policy And Ways To Improve It For Updating Industry' Fixed Assets

“…This requires clear coordination of depreciation and tax policies, which is reflected in the scientific position of various scientists. Thus, Zaslavskaya (2018) studied the advantages and disadvantages of the modern depreciation system of the Russian Federation, the ratio of individual regulatory documents, and noted possible inconsistencies between accounting standards and the tax code of the Russian Federation. The paper analyzes the comparative characteristics of the main concepts of depreciation.…”