DEPRECIATION POLICY AS A PARADIGM OF INVESTMENT SECURITY OF THE OF UKRAINIAN

Abstract

The article examines the depreciation policy as a paradigm of investment security of Ukrainian enterprises. It has been proven that the depreciation policy as a component of the state's investment policy is a specific lever aimed at the economic activity of separately functioning business entities. Its main goal is to create conditions for reproduction and renewal of fixed assets, activation of investment processes to accelerate innovation. A paradigm of investment security based on depreciation policy is proposed, which allows to systematize rational methods of distribution of the cost of fixed assets (minus the liquidation value) during the entire period of operation, taking into account the information-analytical and innovation-investment component. It is proved that the depreciation policy, as a component of the investment policy of enterprises in an institutional environment, forms a multiplier "domino" effect due to an increase in the value derivative of assets, which ensure a great accumulation of the depreciation fund. The method of assessing the investment security of enterprises on the basis of ensuring the depreciation policy has been determined. A graphic model of the digressive method of calculating depreciation deductions is given. The rates of growth of the cost of fixed assets and the degree of their wear and tear in Ukraine are analyzed. The growth index of capital investments in the fixed capital of Ukrainian enterprises by sources of financing in Ukraine was determined. The functional dependencies of costs for the improvement (reconstruction, modernization) of fixed assets on the amount of accrued depreciation of the enterprises of the Steppe zone of Ukraine were determined. The estimated amount and intervals of depreciation of fixed assets at enterprises are calculated. A forecast of the increase in depreciation rates on average for one enterprise is presented, provided that the enterprise's profit is directed to ensure investment security.