Determinants of accounting for depreciation of non-current tangible assets in construction

Анотація

Introduction. In the modern economy, the ongoing transformations of socio-economic development and the influence of time on business entities create the need for continuous re-evaluation of the value and usefulness of a company’s assets, which is directly reflected through the process of depreciation. At the same time, the emergence of new non-current assets and the expansion of their functional characteristics highlight the necessity to improve the methodology of accounting and depreciation calculation as a key tool for ensuring the accurate and comprehensive reflection of asset value in a dynamic business environment. Purpose of the article is to specify and supplement the determinants of depreciation accounting for non-current assets by improving its theoretical positioning, methods of calculation, and procedures for recognition in accounting accounts and registers. Results. The study analyzes the peculiarities of depreciation accounting for non-current assets of construction enterprises and substantiates the need to enhance methodological approaches to their depreciation. The relationship between the concepts of “wear” and “depreciation” is identified, and the expediency of considering this interdependence when forming sub-accounts under the account “Depreciation (wear) of non-current assets” is justified. The necessity of unifying the methodology for calculating depreciation of fixed and non-current tangible assets by abandoning the simplified “50%–50%” and “100%” methods, which distort the financial results of enterprises, is substantiated. The paper reveals the potential of using accounting information to form electronic accounting registers that reflect structural, dynamic, and cost-related characteristics of depreciation processes. Conclusions and prospects. The implementation of the proposed improvements in the accounting of non-current asset depreciation contributes to the formation of a comprehensive information base for meeting the needs of internal and external stakeholders involved in managing the efficiency of non-current tangible assets in the construction sector. In the future, data from electronic registers on depreciation can be used to develop variable forms of internal and external reporting on the company’s non-current assets, which represents a promising direction for further scientific inquiry.

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