Features of accounting of expenses for the repair of fixed assets in accordance with the new standards

Fixed assets are an integral part of the production and economic activities of any organization. The original properties of fixed assets that have been exhausted in the course of activity can be restored in the course of current or capital repairs. Repair costs are reflected in accounting, and are taken into account when calculating the organization's taxes. The article is devoted to accounting and tax accounting of expenses for the repair of fixed assets and the peculiarities of reflection in accordance with significant changes in legislation in 2021-2022.