Subject. This article conducts historical research to substantiate the organizational and methodological aspects of accounting for the creation and use of depreciation funds in the form of a depreciation reserve. Objectives. The article aims to analyze the procedure for the formation of the depreciation fund as the main source of financing the receipt and creation of fixed assets, as well as the depreciation of fixed assets in the Soviet period, and identify the problems of financing investments in non-current assets in the modern accounting system. Methods. For the study, we used analysis, synthesis, systematization, and generalization. Results. The article identifies the problems between investments in non-current assets and the sources of their financing in the Russian accounting system and shows the logical linkage and sequence of actions of the accountant, leading to an effective system of management of capital investments and their sources in practice. Conclusions and Relevance. The conducted historical research and analysis of current organizational and methodological aspects of accounting for depreciation of fixed assets reveals the need to introduce accounting for the creation and use of a depreciation fund in commercial organizations. The results of the study can be applied in the theory and practice of financial accounting and reporting.
Keywords: depreciation expenses for fixed assets complete recovery, depreciation expenses for full repair, depreciation reserve, capital consumption
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