AMORTIZATION METHODS OF FIXED ASSETS AND THEIR IMPLICATIONS ON THE RESULT OF THE EXERCISE

Elena Claudia Sîrbulescu, Luminita Pirvulescu, Tiberiu Iancu, Simion Alda, Remus Gherman

Abstract


In the context of the market economy, a company can obtain remarkable results, in the conditions of competition, only if the finished products obtained, the works executed and the services provided, are qualitatively superior and at an acceptable price. Obtaining high quality goods involves good quality raw materials, efficient means of production and a highly qualified workforce. Their acquisition involved a financial effort for each economic unit and therefore the acquisition operations must be analyzed very well before being performed, calculating the financial effects they involve, for the entire period of depreciation of fixed assets. Implicitly, the calculation and recording of amortization of fixed assets is an approach of maximum importance because it influences the cost of production obtained, being made with the help of accounting records from each entity. Thus, amortization is an extremely sensitive topic for asset accounting. The main question that arises is related to the most efficient method of amortization.


Keywords


amortization; amortization methods; fixed assets

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Copyright (c) 2021 Elena Claudia Sîrbulescu, Luminita Pirvulescu, Tiberiu Iancu, Simion Alda, Remus Gherman

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat's University of Agricultural Sciences and Veterinary Medicine "King Michael I of Romania" from Timisoara
Faculty of Agricultural Management
300645, Timisoara, Calea Aradului 119, Romania

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