REFLECTIONS ON THE ACCOUNTING OF SUBSEQUENT COSTS OF FIXED ASSETS

Mihai POPOVICI Academia de Studii Economice a Moldovei

Abstract

Accounting of subsequent costs related to tangible assets has a great importance particularly for entities that have tangible assets that require repairs, inspections, maintenance on a daily basis in order to maintain initial qualities or to improve their production qualities. Significant differences in the treatment of subsequent costs related to tangible assets were and can still be met in the practice of entities. In this article, the author examines a series of issues arising from continuous change of legislation and of unclear rules by taking into account the experience of the national and foreign scholars as well as by analyzing the specialized literature. Keywords: subsequent costs, tangible assets, capitalization, repair, expenses.