AMORTIZATION POLICY IS A TOOL FOR INVESTMENT IN AGRICULTURE
Issue № 1, 2018, article № 3, pages 17-25
Section: Problems of efficient management
Original language title: АМОРТИЗАЦИОННАЯ ПОЛИТИКА - ИНСТРУМЕНТ СТИМУЛИРОВАНИЯ ИНВЕСТИЦИЙ В СЕЛЬСКОЕ ХОЗЯЙСТВО
Abstract: Amortization policy is an incentive for investment growth. Formal approach is the problem for Russia. There are no effective mechanisms. There is no single approach to the notion of "depreciation policy". In the article, amortization policy as an instrument for activating investment processes in the real sector of the economy by increasing the size of its own sources is presented. The main role is the depreciation. Low specific gravity of capital investments in agriculture - 4.17‰ is observed. This shows the presence of a problem. The depreciation in the unit weight of costs at the regional level is extremely low, 6.83‰. Growth of expenses for maintenance of fixed assets occurs. International experience attests to the importance of amortization policy for improving the technical and technological level of agricultural modernization. A number of measures on macro, meso- and microlevels in the article are proposed. Regulatory, legislative and methodological support are finalized. Compliance with accounting and tax accounting should be ensured on the basis of provisions of international standards. The formation of the initial cost, the economic justification for choosing the depreciation method, the introduction of revaluation of fixed assets, the development of coefficients for accelerated formation of reproduction sources and their intended use should pay attention.