(Uzbekistan Tax News Reporter - 19 August 1996)
Expenses of enterprises for modernisation of equipment and reconstruction of fixed assets are included in the cost of production at the time when they were incurred. These capital costs are booked to account No.26 "Expenses of the period excluded from the taxable base" and to off-balance sheet account No.010 of the same name. Subsequently, they are written off to the cost of production over the period of their life or over 10 years, whatever the term is shorter.
Consultancy of specialist of "NTV" NTV/30, 25-31 July 1996
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