Renewal of fixed assets as an issue of industrial enterprise

Modern conditions of economic development determine the desire of businesses to build production volumes, increase productivity, reduce operating costs, ensure a steady increase of production efficiency, and enhance their competitive position in the regional and global markets. At the same time one of the most important conditions for achieving economic efficiency of financial and economic activity of the enterprise is the timely renewal of fixed assets, ensuring the maintenance of the labor of the exploited resources in working condition and allowing to reduce the duration of the idle working machinery and equipment as a result of repair and overhaul services.