APPROACHES TO THE SELECTION OF DEPRECIATION POLICY
Economic entities operating fixed assets should form an effective depreciation policy aimed at stimulating investments in updating fixed assets, that is, at their timely reproduction. Legal acts regulating the accounting of fixed assets require the use ofprofessional judgment of the accountant in determining the cost, useful life of objects, and the method of depreciation. However, in practice, the selection of these parameters is carried out, most often, on the principle of ease of settlement and approximation of accounting and tax accounting, while economic feasibility and benefit are not taken into account. The article is aimed at identifying the reasons for the prevailing approach and substantiating the need for a rational choice of the parameters for calculating depreciation of fixed assets from those presented in regulatory documents for accounting and tax purposes.