Depreciation Policy as a Key Element of Enterprise Technical Resources Management

Depreciation policy and depreciation in particular play a number of functions at an enterprise. The modern stage of scientific studies describes the essence and breadth of the "depreciation" notion for an enterprise rather deeply. The article considers depreciation as a tool of managing technical resources at an enterprise. It conducts a critical review of modern approaches to determination of depreciation and identifies its functions. The author carries out a deep analysis of modern views on the existing concepts of depreciation essence and its place in managing enterprise assets. The article reveals the essence of the "depreciation policy" notion. It provides examples of influence of different types of the depreciation policy upon the state and rate of renovation of technical resources at an enterprise. In the result the author offers types of the depreciation policy of an enterprise depending on the desired rate of renovation of the technical base and desired volume of the capital released into circulation.