Облік невідшкодовуваних витрат орендаря на поліпшення орендованих земель за міжнародними стандартами бухгалтерського обліку

Abstract

The accounting procedure of the non-reimbursable investments in land improvement, used by a lessee according to the International Accounting Standards, is considered. The expediency of recognition of such capital investments in the structure of fixed assets on the subaccount 118 "Capital expenditures for land improvement at the expense of the lessor" by the types of improvements and by land plots (fields) is proved. It is reasonable to recognize this type of fixed assets by the lessee at prime cost, taking into account benefit reduction. In order to take into account the requirements of the Tax Code of Ukraine and IAS 16 “Fixed Assets”, it is possible to depreciate such improvements by two methods: by straightline method or by declining balance method. Nevertheless, the accrual of depreciation by declining balance method is economically more expedient.