The New Depreciation Allowance Rates and Control Over their Application by Financial Agencies

Abstract

Creation of the material and technical base of communism presupposes a mighty development of the production plant, an increase in the equipment per unit of labor in all branches of the national economy, and a rapid growth of the fixed production assets. A technical revolution is under way in the country; the output of advanced equipment, raw and other materials is increasing. The roles of the modern instrument-building industry, of new synthetic chemical compounds, and of the power capacity of production are steadily increasing.