Depreciation and Scrapping of Assets in State Institutions

• Main Author: Lucica Sintea (Anghel)
• Format: Article
• Language: English
• Published: Ovidius University Press 2020-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: amortization; assets; depreciation; accounting records; recovery
• Online Access: http://stec.univ-ovidius.ro/html/anale/RO/2020/Section%205/28.pdf

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.