Rakhimova Guzalbegim Murodovna,
PhD, Associate Professor
Tashkent Institute of Finance, Tashkent, Uzbekistan,
Abstract. The article contains theoretical ideas that the essence of the depreciation of fixed assets consists in the gradual loss of their use and exchange value, and the gradual transfer of the latter to the product being created. The rate of depreciation determines the share of the cost of fixed assets transferred to manufactured products. Basic tools cause physical and mental wear and tear both during their effective use and inactivity. With physical wear and tear, the value of their use is lost by fixed assets, that is, under the influence of the labor process, natural forces, as well as due to the lack of use of fixed assets, their technical, economic and social characteristics deteriorate. It occurs as a result of wear and tear of exposed metal, corrosion, ash wear of equipment, aging insulation, wear and tear of building structures. Due to the negative effects of natural forces and harmful emissions (air and water) of industrial enterprises, power transmission poles, open substation structures, armor and cable weaving are especially seriously damaged.
Keywords. assets, fixed assets, physical and functional depreciation