REGULATIONS CONCERNING TERMINOLOGY, FORMS AND METHODS OF PREPARATION OF FINANCIAL STATEMENTS, ETC. Copyright Roderick Seeman

Article 26 The accumulated depreciation for buildings, structures, machinery and equipment, vessels, vehicles and other land transport, tools, furniture and fixtures and other tangible fixed assets, can be deducted directly from the money value of each of the said assets and shown as the money value of each of the said assets after the deduction. In such situations there must be notes made of the said accumulated depreciation separately for each of the said assets or in a lump sum.