A comparison of Turkish Accounting Standards-16 And Turkish Tax Law for disposal of tangible fixed asset's

In the globalized world economy, it has become important for companies to be able to form a common language and to be understandable in company values. Establishing a common language in the field of accounting, the companies adopted common standards and started to apply. In this respect, our country has entered into the process of adapting to the standards that are the global language of accounting. The issue of compliance with standards is an important phenomenon for the European Union process. Especially applications related to the tangible assets items, which constitute an important part in the financial statements of the enterprises such as service and commercial enterprises, the cost calculations related to the tangible fixed assets, accurately reflecting the costs to the tables, how the tangible fixed assets can be taken off the balance sheet. Accounting accounts and records are important aspects in terms of how these transactions will be reflected in the financial statements in accordance with he information needs requested by the users. Turkish on the disposal of tangible assets compared to the provisions of Accounting Standards-16 and the Turkish tax legislation; It is seen that there are similarities and differences in the way in which the tangible fixed assets to be disposed of are off-balance sheet. In the scope of the study, the subject of, plant and equipment was partially covered. The current practices regarding the disposals of property, plant and equipment were mainly focused on.