Formation of the depreciation policy of the enterprise and analysis of its application

Since depreciation is the whole article when determining taxable profit, it is necessary to study the positions of countries on this article. Although it is accepted that there may be differences in the assumptions about the service life when calculating depreciation in different countries, the service life of an asset should be determined by economic factors. The purpose of this study is to study the differences between the depreciation policy of enterprises in Russia, depreciation methods used in these two countries, depreciation rates, as well as depreciable and non-depreciable tangible assets. Comparison of differences in practice is carried out by studying the depreciation legislation of the two countries. A sample of this study, conducted in the form of content analysis, is the legal norms concerning the application of depreciation in different cities of Russia. The results showed that the practice and depreciation rates in the two countries differ. However, the economic factor that could explain this situation could not be determined. The differences were revealed in the methods of calculating the amount of depreciation, the depreciation rate and the amount of depreciation, and they tried to show them by examples.