2003•Journal of Wuhan University of Science and TechnologyRequires access
On Depreciation of Fixed Assets in Institutions of Higher Learning
Deng Ping
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Abstract
Depreciation is effective in strengthening economic accounting, improving materials management and raising the efficiency of assets use. This paper has analyzed the reasons behind the absence of the fixed assets depreciation system in institutions of higher learning in the past. With elaboration on the necessity of carrying out fixed assets depreciation in institutions of higher learning, the paper has given the methods for fixed assets diminishing depreciation and related accounting.