Improving depreciation policy in the agricultural sector of the economy

Abstract

The article considers the definitions of the concepts of depreciation and depreciation policy, as well as the concept of depreciation, offers the author’s interpretation of the concept of depreciation, defines the principles of the depreciation policy. It is proposed to improve the depreciation policy in the following areas: an adequate revaluation of fixed assets, the use of accelerated methods of its accrual, the accrual of depreciation deductions for productive livestock in dairy farming, the use of shorter periods of use of fixed assets, the introduction of an incentive mechanism targeted use of depreciation deductions, as well as the use of advanced foreign experience.