Depreciation policy of organizations, its impact on the regional economy

With the help of depreciation, the depreciation of fixed assets is covered, their value is transferred to costs and ultimately participates in the formation of the cost of production. The amount of depreciation is significant in capital-intensive industries. By accruing depreciation as part of revenue, the necessary funds are generated to replace used fixed assets due to their moral and physical wear and tear with new, more productive ones. By stimulating the fullest use of fixed assets, depreciation plays a large role in the reproduction of fixed assets and forms a source for innovation processes. In the context of unforeseen Western sanctions aimed at weakening the Russian economy, the country faces the task of not only surviving, but also achieving significant rates of economic growth through the efficient use of all resources, including fixed assets, through an active investment policy, including depreciation. With the introduction of the provisions of Chapter 25 of the Tax Code of the Russian Federation, as well as in connection with a significant reduction in the useful life of fixed assets in accordance with the accepted classifier, organizations have the opportunity to independently conduct an effective depreciation policy. Article 286.1 of the Tax Code of the Russian Federation granted the constituent entities of the Russian Federation the right to introduce an investment tax deduction, according to which taxpayers were able to purchase equipment taking into account the corresponding costs in expenses when determining the tax base for corporate income tax. The purpose of the article is to use the example of three industrial regions of the Volga Federal District to study the effectiveness of the depreciation policy and its impact on the level of socio-economic development of the regions. It was revealed that in the regions, the possibilities of tax regulation in terms of carrying out an effective depreciation policy are used extremely insufficiently, which negatively affects the efficiency of using fixed assets.

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