Features of the definition useful life of fixed assets for accounting purposes

The article considers the procedure for determining the useful life of fixed assets for accounting purposes, taking into account the latest legislative changes, namely in connection with the introduction of a new regulatory document on the accounting of fixed assets FSB 6/20. The authors of the article draw attention to the fact that the new Standard expands the conditions for establishing the useful life of fixed assets, and compliance with these conditions will allow organizations to avoid distortions in accounting and reporting.