EMPIRICAL NECESSITY AND TAX CONSEQUENCES OF COMPONENT ACCOUNTING FOR LONG-TERM ASSETS IN JOINT-STOCK COMPANIES

Abstract

This research paper reveals the empirical (practical) necessity of component accounting for complex long-term assets on the example of large joint-stock companies (including railway transport and infrastructure enterprises). The article analyzes the approach to resolving conflicts between accounting and tax accounting by recognizing assets separately by components and applying individual depreciation rates to them in accordance with the requirements of the international standard IAS 16 “Property, Plant and Equipment”. Specific scientific and practical proposals have been developed aimed at reducing the unjustified tax burden of enterprises when partially replacing older parts of assets.