Depreciation begins when the fixed

Depreciation begins when the fixed asset is available and ready for use. It is also calculated on assets that are temporarily not in use.Ordinary maintenance costs relating to the scheduled maintenance and repairs carried out to keep the assets in good working condition, in order to ensure the envisaged useful life and original capacity and productivity, are recorded in profit and loss for the year in which they were incurred.Extraordinary maintenance costs, which consist of asset extensions, upgrades, replacements and other improvements that produce a significant and measurable increase in the capacity, productivity or security of the assets, or which extend their useful life, can be capitalised up to the recoverable value of the asset.Land is not subject to depreciation. If the value of buildings also incorporates the value of the land on which they stand, the value of the building is extracted, also based on estimates, to determine the correct depreciation.