Search results for " depreciation"

showing 4 items of 4 documents

On thermoeconomics of energy systems at variable load conditions: integrated optimization of plant design and operation

2007

Abstract Thermoeconomics has been assuming a growing role among the disciplines oriented to the analysis of energy systems, its different methodologies allowing solution of problems in the fields of cost accounting, plant design optimisation and diagnostic of malfunctions. However, the thermoeconomic methodologies as such are particularly appropriate to analyse large industrial systems at steady or quasi-steady operation, but they can be hardly applied to small to medium scale units operating in unsteady conditions to cover a variable energy demand. In this paper, the fundamentals of thermoeconomics for systems operated at variable load are discussed, examining the cost formation process an…

ExergyEngineeringPrimary energyRenewable Energy Sustainability and the Environmentbusiness.industryThermoeconomics has been assuming a growing role among the disciplines oriented to the analysis of energy systems its different methodologies allowing solution of problems in the fields of cost accounting plant design optimisation and diagnostic of malfunctions. However the thermoeconomic methodologies as such are particularly appropriate to analyse large industrial systems at steady or quasisteady operation but they can be hardly applied to small to medium scale units operating in unsteady conditions to cover a variable energy demand. In this paper the fundamentals of thermoeconomics for systems operated at variable load are discussed examining the cost formation process and separately the cost fractions related to capital depreciation (which require additional distinctions with respect to plants in steady operation) and to exergy consumption. The relevant effects of the efficiency penalty due to off design operation on the exergetic cost of internal flows are also examined. An original algorithm is proposed for the integrated optimization of plant design and operation based on an analytical solution by the Lagrange multipliers method and on a multi-objective decision function expressed either in terms of net cash flow or primary energy saving. The method is suitable for application in complex energy systems such as ‘‘facilities of components of a same product’’ connected to external networks for power or heat distribution. For demonstrative purposes the proposed thermoeconomically aided optimization is performed for a grid connected trigeneration system to be installed in a large hotel.Energy Engineering and Power TechnologyCost accountingThermoeconomicsGridEnergy conservationVariable (computer science)symbols.namesakeFuel TechnologyNuclear Energy and EngineeringLagrange multipliersymbolsProcess engineeringbusinessSimulation
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Low-cost trends in audit fees and their impact on service quality

2018

Abstract The 2008 financial crisis has transformed the business environment. The number of audited firms has fallen considerably since the crisis, leading to a reduction in the cost of auditing services as a result of fierce competition among auditors. This drop in audit fees is of great concern for audited firms because it may be correlated with a fall in audit service quality. Such a fall in quality ultimately harms the prestige of audited firms and therefore negatively affects their profits. Based on an application of fuzzy-set qualitative comparative analysis (fsQCA), this paper analyzes the quality of audit services following a drop in the fees charged by auditors. The factors analyzed…

MarketingService (business)Service qualityActuarial scienceEarnings before interest taxes depreciation and amortizationbusiness.industrymedia_common.quotation_subject05 social sciencesAccounting050201 accountingAuditQuality auditEmpirical research0502 economics and businessFinancial crisisQuality (business)Business050203 business & managementmedia_commonJournal of Business Research
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La capitalización de los arrendamientos operativos: Análisis del impacto en las empresas del IBEX 35

2018

Purpose: This paper analyzes the consequences of the change in the accounting rules about operating leases in the companies and users of financial information. Design/methodology: We use the constructive capitalization method to estimate the liabilities and leased assets and perform an ex ante analysis of the regulatory impact in the IBEX 35 non-financial companies. Non-parametric tests are employed to examine the effect on certain ratios, and through a multivariate regression we investigate the business characteristics that explain the variation of EBITDA. Findings: The ratios under study are significantly affected by the capitalization of operating leases. The explanatory analysis shows t…

Organizational Behavior and Human Resource ManagementEarnings before interest taxes depreciation and amortizationStrategy and Managementmedia_common.quotation_subjectFinancial ratioFinancial ratioslcsh:AConstructiveEducationCommercial leases--AccountingOperating leasesManagement of Technology and InnovationAccountingDebtEconometrics:Economia i organització d'empreses::Comptabilitat i control financer [Àrees temàtiques de la UPC]Capitalización constructivaBalance sheetBusiness and International ManagementMarket valueCapitalizationmedia_commonDescriptive statisticsOperating leases IFRS 16 Constructive capitalization method Financial ratios Accounting standard impactNIIF 16IFRS 16Arrendament comercial -- ComptabilitatImpacto normativoBusinessConstructive capitalization methodlcsh:General WorksArrendamientos operativosAccounting standard impactRatios financieras
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Tax incentives to encourage corporate investment in Latvia

2020

During 2006‐2017, Latvia has applied a rather generous accelerated depreciation (AD) policy to stimulate firm investment. The AD policy included: (1) the general AD scheme, (2) incentives to acquire new technological equipment, and (3) Investment incentives in the specially assisted areas. This paper analyses the effect of accelerated depreciation policy on firm investment using administrative firm‐level data for 2007–14. Lacking data for a natural experiment (AD began before our sample period), we use difference‐in-differences methodology with identification based on variation either across time (the crisis period serving as quasi‐counterfactual) or by firm size (with large firms unlikely …

accelerated depreciation:SOCIAL SCIENCES::Business and economics [Research Subject Categories]tax incentivescorporate investment
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