COMPARISON IN PROPERTY, PLANT AND EQUIPMENT IN TERMS OF TURKISH ACCOUNTING STANDARDS AND TAX PROCEDURE LAW

Abstract

Property, plant and equipment are physical assets that form an important part of the asset structure, which are projected to be used for more than one year in the operations of the entity. Accounting for these assets, the determination of book value and the depreciation amount and impairment loss that must be reflected in the financial statements are the main issues in the accounting of property, plant and equipment. In this study, similar aspects and differences related to accounting, evaluation and depreciation methods of property, plant and equipment in accordance with TAS 16 and TPL were compared.