Depreciation of fixed assets in agricultural organizations: innovations in the context of the transition to FSBU 6/2020

Abstract

In this article, depreciation is considered as a key element of innovation. It was found that the changes made by FSBU 6/2020 “Fixed Assets” affected all the key parameters for calculating depreciation: the initial cost of objects, useful life, subsequent assessment, methods of calculating depreciation. The options are proposed for making adjustments to the accounting policy, the advantages and disadvantages of possible options for calculating depreciation are identified. Transition options to the new standard are recommended.