Journal of Korean Society of Industrial and Systems Engineering (산업경영시스템학회지)

Society of Korea Industrial and System Engineering (한국산업경영시스템학회)
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A Study on the Estimation of Economic Depreciation Rate on Industrial Property U sing Remianing Life

잔존수명을 활용한 제조설비의 경제적 감가상각률 추정방안

  • Oh, Hyun-Seung (Department of Industrial and Management Engineering, Hannam University) ;
  • Cho, Jin-Hyung (Division of Industrial Engineering, Kumoh Institute of Technology)
  • 오현승 (한남대학교 공과대학 산업경영공학과) ;
  • 조진형 (금오공과대학교 산업공학부)
  • Received : 2010.08.12
  • Accepted : 2010.08.19
  • Published : 2010.09.30
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Abstract

Depreciation accounting has as its main objective, the recovery of the original cost of plant investment less net salvage, over the estimated useful life of that plant. Accuracy of the whole life technique in meeting this objective depends entirely on the original estimates of service life and net salvages for an account. Where the whole life technique has been used and original estimates prove inaccurate, excessive or deficient accumulations in the depreciation reserve frequently occur. To overcome this, the remaining life technique is suggested to better match the challenges of accelerated technology and competition within the regulated environment. The flexibility of the remaining life technique will allow an even chance to provide a complete recovery of the original cost.

Keywords

References

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