Moldova Clarifies Depreciation of Assets Returned for Repair or Replacement

Moldova's State Tax Service recently issued a clarification on the depreciation of fixed assets under warranty that are returned for repair or replacement. Where an asset is returned before it is put into operation, no depreciation is calculated considering that depreciation is calculated on a straight-line basis from the month after an asset is put into operation under the standard depreciation rules. Where an asset is returned after being put into operation, the impact on depreciation will …