Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)

Depreciation Accounting in Francesco Datini's Companies

Authors
Mikhail Kuter, Marina Gurskaya, Ripsime Bagdasarian, Angelina Andreenkova
Corresponding Author
Mikhail Kuter
Available Online December 2016.
DOI
https://doi.org/10.2991/icaat-16.2016.26How to use a DOI?
Keywords
Double-entry bookkeeping, account of equipment, depreciation, straight-line method
Abstract
The issue of depreciation accounting in the era of double-entry bookkeeping origin is one of the least studied. The main aim of the carrying out research is to determine the existence of the algorithm and method for depreciation calculating in the medieval companies, based on the archival data, particularly, Francesco Datini's companies. The results of the research were the discovery in the archives and libraries of Italy of four early examples of depreciation charging, one of which relates to the impairment of assets, the other three are related to the distribution of assets value according to the periods of their useful life. The most significant result can be recognized as the discovery of the earliest, among the currently known, example of depreciation charging by straight-line method, with the preserved distinct algorithm.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Proceedings
5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)
Part of series
Advances in Economics, Business and Management Research
Publication Date
December 2016
ISBN
978-94-6252-261-9
ISSN
2352-5428
DOI
https://doi.org/10.2991/icaat-16.2016.26How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Mikhail Kuter
AU  - Marina Gurskaya
AU  - Ripsime Bagdasarian
AU  - Angelina Andreenkova
PY  - 2016/12
DA  - 2016/12
TI  - Depreciation Accounting in Francesco Datini's Companies
BT  - 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/icaat-16.2016.26
DO  - https://doi.org/10.2991/icaat-16.2016.26
ID  - Kuter2016/12
ER  -