| Budget Amount *help |
¥1,800,000 (Direct Cost: ¥1,800,000)
Fiscal Year 1997: ¥600,000 (Direct Cost: ¥600,000)
Fiscal Year 1996: ¥1,200,000 (Direct Cost: ¥1,200,000)
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| Research Abstract |
The purpose of this research is to trace through the process of establishing the depreciation as the cost allocation of limited-life fixed assets to their service life at Mitubishi Dockyard and Engine Works in the Meiji and Taishoh period (1884-1925). The results of this research can be summarized as follows :
(1) In 1885 and 1886, at the beginning of business of Nagasaki Dockyard and Engine Works an account of wear and tear was charged on the monthly trial balance. This wear and tear a/c corespond to the depreciation regulation of "Bookkeeping Method" established by Mitubishi Mail Steamship Co.in 1877.
(2) In 1893, depreciation a/c as well as wear and tear a/c appeared. "The Account-Book Form of Mitubishi Goshi Kaisha" is enacted in the same year. The depreciation by the inventory method is characteristic of this depreciation.
(3) During the 1894-1897 computing the depreciation rates of each fixed assets, those of dock and slip come to 2% and 7% respectively. This practice suggests that
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"The Standard of Depreciation at the Year-end" instructed by the president in 1894 was applied.
(4) In 1898, the accounts of fixed assets were reclassified in term of shop, such as machine shop, foundry, blacksmith shop etc., . This reclassification corespond to that of Garcke and Fells, Factory Account, 4th.1893.
(5) In 1907 and 1908, the depreciation of fixed assets was disappeared. The reason for this was that profit enough for the recovery of depreciation could not be gained. This means that the depreciation is not an expense but a loss.
(6) In 1909, "The Organisation of Nagasaki Dockyard and Engine Works" based on Lewis, The Commercial Organisation of Factories, 3rd.1893 was enforced. According to this regulation, the depreciation has always been included under the establishment charges a/c.
(7) In 1913, the straight line method was adopted according to the notice of "The Revision of Regulation as to the Depreciation" from the president. This revised regulation did not have the provision for the scrap value yet.
(8) In 1923, "The Regulation for the Depreciation of Fixed Assets" was established by Mitubishi Shipbuilding & Engineering Co., Ltd.founded in 1917. This Regulation required that the balance between the original cost and the scrap value of fixed assets is depreciated by equal amount over their service life. Thus it was in 1923 at Mitubishi Shipbuilding & Engineering Co., Ltd.that the depreciation was generated. Less
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