ACCOUNTING OF DEPRECIATION OF FIXED ASSETS AS A FACTOR OF ENSURING THE CONTINUITY OF PRODUCTION ACTIVITY OF THE ENTERPRISE

Now it is almost impossible to imagine production activities without the use of fixed assets. After all, they greatly simplify and speed up the production process and allow you to significantly increase production. However, due to constant use, they are subject to wear and tear, along with the effects of moral aging. Objectively, businesses need to renew the composition of fixed assets and their modernization. The source of funds to finance these needs are depreciation deductions. The purpose of this article is to determine the features of the depreciation of fixed assets, as well as to reflect the results of such accrual in accounting, as one of the key factors of continuous reproduction of the enterprise. To achieve this goal during the research methods of analysis, synthesis, comparison, deduction, systematization, classification, theoretical knowledge, as well as tabular and graphical methods were used. The authors analyze the essence and composition of fixed assets according to the standards of domestic and international accounting. The essence of depreciation is determined, the category of useful life of fixed assets is revealed, as well as approaches to its installation. The procedure for calculating depreciation in accounting by one of the methods is reflected, in particular: straight-line, residual value reduction, accelerated residual value reduction, cumulative and production. The advantages and disadvantages of using each of them are identified. The factors influencing the company's choice of depreciation method are indicated. Schematic accounting of typical accounting correspondence to reflect depreciation in accounting. The existing approach to the use of depreciation deductions for the needs of financing the uninterrupted reproduction of production is described and the directions for its improvement are determined. The order of carrying out depreciation deductions in the conditions of quarantine is investigated, causal relations from carrying out deductions in such conditions are established.