The most common method of depreciation of fixed assets in Bulgaria is the straight line method.
An asset the value of which is less than BGN 800 is not considered a fixed tangible asset.
A table that shows the depreciation rates applied under the straight line method to the various items of assets:
Type of Asset
Plant and equipment
Infrastructure, roads and transport vehicles
Hardware and software
Other fixed assets
Maintain asset register (maintaining individual records per item) Ensure that items are capitalized in line with local law Ensure that depreciation is applied correctly
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