The Application of Professional Judgment on Determining the Cost of Fixed Tangible Assets Obtained by Onerous Title
The Application of Professional Judgment on Determining the Cost of Fixed Tangible Assets Obtained by Onerous Title
Author(s): Cristian Drăgan, Valeriu Brabete, Carmen Maria DindiriSubject(s): Micro-Economics, Public Finances, Accounting - Business Administration, Business Ethics
Published by: Editura Universitaria Craiova
Keywords: cost of acquisition; fixed tangible assets; professional judgment; accounting treatment; fiscal implications;
Summary/Abstract: The initial valuation of fixed tangible assets is a complex operation involving, among others, a rigorous application of professional judgment. This paper debates upon the specific aspects for determining the cost of acquisition, analyzing both the proper application of the related accounting treatment, and the fiscal implications in connection with it.
Journal: Revista tinerilor economişti
- Issue Year: 2014
- Issue No: 23
- Page Range: 31-38
- Page Count: 8
- Language: English