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Depreciation and Scrapping of Assets in State Institutions

Author

Listed:
  • Lucica Sintea (Anghel)

    (“Andrei Șaguna†Universit)

Abstract

Depreciation is an expense within an institution and represents a gradual recovery of an asset acquired with a useful life of more than one year and a minimum amount determined by government decisions. This article will address several situations of exit from the patrimony of the entities, economic assets and the way of recording in the accounting of the operations. This article also reflects on how to recover reusable materials following the dismantling of assets, as it is imperative that we take action to recover some of the reusable materials, make decisions that lead to savings and the efficiency of all efforts used in an entity.

Suggested Citation

  • Lucica Sintea (Anghel), 2020. "Depreciation and Scrapping of Assets in State Institutions," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1044-1048, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:1044-1048
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    More about this item

    Keywords

    amortization; assets; depreciation; accounting records; recovery;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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