What is NAS No. 5?
Also known as: Fixed Assets
NAS No. 5 “Fixed Assets” sets the procedure for recognition, measurement, revaluation and depreciation of fixed assets. It provides for four depreciation methods: straight-line, units of production, double declining balance, and sum-of-the-years' digits (cumulative). For foreign readers: broadly corresponds to IAS 16 “Property, Plant and Equipment”. Approved by Order No. 133 of the Minister of Economy and Finance dated 14 June 2024 (registered with the Ministry of Justice on 09.08.2024, No. 3546); in force from 1 January 2025.