OPTIMIZATION OF THE DEPRECIATION POLICY OF THE ENTERPRISE
Depreciation policy as an integral part of economic policy of the enterprise influences the condition of fixed assets, the degree of their moral and physical obsolescence; the amount of tax payments and other indicators, and in the aggregate, the financial results of the work. A certain «freedom of choice»provided by the state, allows the company to carry out depreciation policies that promote minimization of tax payments, increase profits and improve its financial position. Optimization of depreciation policy is possible by choosing the way of depreciation and variants of their use, which gives the best results in terms of restrictions imposed by regulatory requirements and strategic (short-term) objective of the enterprise. The algorithm of optimization of depreciation policy and formalized the savings. The resulting figure is the total discounted cost savings from the tax on income and property of the enterprise.