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How should the actually incurred cost of the equipment depreciation be calculated?
Pursuant to the Act on accountancy of 29 September 1994 (Journal of Laws No. 121 item 591), a beneficiary may apply different methods of depreciation in order to distribute the value of a fixed asset over the whole period of its use. An entity should apply the method of depreciation adopted by the entity in its accounting.
It should be remembered that according to eligibility principles for projects within SOP HRD, a fixed asset depreciation costs may be considered eligible only if they refer to equipment necessary for the project implementation and which meets the following requirements:
- a national or Community donation was not used for the purpose of the purchase of the fixed asset;
- depreciation cost is calculated according to appropriate principles of accounting;
- costs refer only to the period of the implementation of a given project.
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