FEATURES OF ACCOUNTING AND DISPLAYING IN THE FINANCIAL STATEMENT OF FIXED ASSETS

In the conditions of a market economy, issues related to the variety of forms of ownership should become the subject of deep economic research. The issue with the use of fixed assets is becoming particularly acute. Improving their operation is one of the main factors of economic progress, in this case it is possible to increase the volume of production without additional capital investments. The relevance of this research topic is that fixed assets have a determining specific weight in immobilized (non-current) assets, therefore, the final consequences of the enterprise’s activity largely depend on their number, value, technical level, efficiency of use: production output, its cost price, profit, profitability, financial stability. The development of production is inseparable from the problems of effective use of the main production assets. The importance of fixed assets in production is determined by the role of tools in the development of productive forces and industrial relations. With the development of technical progress, the dependence of social production on the state and level of use of fixed assets increases.