Asset Impairment and Depreciation before the 15th Century

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2018-06-01 DOI:10.2308/AAHJ-10575

M. Kuter, M. Gurskaya, Angelina S. Andreenkova, R. Bagdasaryan

引用次数: 17

Abstract

This paper investigates impairment and depreciation accounting in the 13th to 15th century. It finds that the first known instance of impairment accounting was in 1321, while for depreciation, it was 1399 not, as has previously been claimed, 1299. The study demonstrates the difference in approach at that time between the two forms of adjustment and shows that impairment was the original form of adjustment for reduction in asset values, a form that was applied in situations where physical assets had been lost, or deteriorated, or devalued over the reporting period. In contrast, depreciation was algorithmic, linked to a time-based straight-line depreciation charge equivalent to 10 percent per annum. These findings not only relocate recognition of the emergence of depreciation provisions to the end of the 14th century but, also, from France to Spain. However, in both cases, in Italian firms with Italian accountants.

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15世纪以前的资产减值和折旧

本文研究了13至15世纪的减值和折旧会计。报告发现，已知的第一个减值会计实例是在1321年，而对于折旧，它是1399年，而不是之前声称的1299年。该研究表明了当时两种调整形式在方法上的差异，并表明减值是资产价值减少的原始调整形式，这种形式适用于实物资产在报告期内丢失、恶化或贬值的情况。相比之下，折旧是按算法计算的，与每年10%的基于时间的直线折旧费挂钩。这些发现不仅将对折旧准备金出现的认识重新定位到14世纪末，而且还从法国转移到了西班牙。然而，在这两种情况下，都是在拥有意大利会计师的意大利公司。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.