Analysis of Tangible Fixed Assets in Terms of Valuation Principles and Amortization Transactions within TMS 16, FRS for LMEs Section 12, and Tax Procedure Law

The aim of this study is to reveal different valuation measures and amortization transactions which tangible fixed assets are subject to, and the effects of them on the balance sheet and income statement items related to tangible fixed assets within Turkish Accounting Standard 16(TAS 16), Turkish Financial Reporting Standards Chapter 12 for Large and Medium-Sized Entities (FRS for LMEs) and Tax Procedure Law (TPL). For this purpose, valuation principles and amortization applications of tangible fixed assets according to these three regulations are examined and the effects of these principles / practices on asset costs and expenditure / income items are discussed. Finally, the differences / similarities between the principles of tangible fixed assets according to these three regulations are presented comparatively.