Business, Management and Accounting
8 years ago

New Depreciation System for Fixed Assets to Revolutionize Institutional Accounting

Sci/tech Information Development & Economy
Recognition of Fixed Assets Accounting in Institutions
Han Tuan

Paper Summary

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The article discusses the importance of accounting for the decreasing value of fixed assets in institutions. It suggests that institutions should establish a depreciation system for their fixed assets, similar to how businesses do. The article also highlights the difference between withdrawing depreciation and withdrawing maintaining-purchasing foundation.