Depreciation policy
Straight line or reducing balance, choosing useful lives, pro-rata depreciation. The method is chosen in the first year and cannot be freely changed afterwards.
Kırklareli · Pınarhisar
Certified public accountant in Pınarhisar
Mining, building materials and agriculture together, where accounting, depreciation and environmental obligations overlap.
Production
Accounting for asset-heavy businesses
In plant and machinery intensive businesses, depreciation is the decisive line: it affects both reported profit and cash more than anything else.Renewal fund
Deferring tax on the gain from an asset disposal for three years by directing it to a replacement investment. Miss the deadline and the fund becomes taxable income.
Repair or improvement
Routine maintenance is an expense; spending that extends life or increases capacity is capitalised. Getting this wrong distorts both current profit and future depreciation.
Environmental obligations
Tracking waste and environmental declarations alongside the accounting records and identifying where provisions are required.
Frequently asked — Pınarhisar
We bought machinery. Which depreciation method suits us?
Reducing balance front-loads the expense and defers tax while profits are high. Straight line spreads it evenly and smooths reporting. The choice is made in the year the asset enters the books.
We sold old machinery at a gain. Can we defer the tax?
If you intend to buy a replacement, the renewal fund can apply: the gain is held untaxed for three years and offset against the new asset's depreciation. If no investment is made within the period, the fund is added to income at the end of the third year.
We replaced the factory roof. Is that an expense?
Spending that extends an asset's life or increases its capacity is added to the asset's cost and depreciated over the remaining life. Only repairs that maintain the existing condition are expensed directly.
This page is general information. Our office is in Lüleburgaz; work across the region is carried out electronically, with on-site meetings when needed. Talk to us about your own situation.
Other locations
Kırklareli
Certified public accountant in Lüleburgaz
Where our office is. Full-scope accountancy for every size of business in the district, from manufacturers to sole traders.
KırklareliCertified public accountant in Kırklareli
The provincial centre. Agriculture and food businesses, services around the university, and public-sector contractors.
TekirdağCertified public accountant in Çorlu
One of the busiest industrial districts in Thrace. Textiles, packaging, automotive suppliers and logistics.
TekirdağCertified public accountant in Çerkezköy
High concentration of organised industry. Chemicals, pharmaceuticals, plastics and textiles, with many foreign-owned companies.
KırklareliCertified public accountant in Babaeski
Agriculture and produce trading. Producer receipts, withholding and seasonal labour are the recurring themes.
KırklareliCertified public accountant in Vize
Agriculture, livestock and accommodation. Choosing the right basis and managing seasonal income.
TekirdağCertified public accountant in Tekirdağ
Port and foreign trade. VAT, exchange differences and costing for importers, exporters and logistics operators.
Let's talk about Pınarhisar
Tell us your situation and we will set out in writing which service you need and what it will cost.