Środki trwałe i ich zużycie w cyklu życia produktu
Fixed assets and their consumption in a product life cycle

Summary/Abstract: Fixed assets are present in all phases of a product life cycle, from its establishment to its closure (or revival). Fixed assets wear out as a result of their usage, natural changes or technical progress. The depreciation of fixed assets is regulated by balance law and tax law as well as IRS 16. Economic entities, by choosing simplified tax solutions, characterized by procedures based on simple calculations regarding deprecation, deviate from the possibility of specifying credible financial information. In such situations it is important to analyze the consumption of fixed assets in particular phases of a product life cycle by applying life cycle account because it offers the possibility of calculating adequate economic profits resulting from fixed assets and their actual consumption.

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