@ARTICLE{Franik_Tadeusz_Depreciation_2007,
 author={Franik, Tadeusz},
 number={No 4},
 pages={87-100},
 journal={Gospodarka Surowcami Mineralnymi - Mineral Resources Management},
 howpublished={online},
 year={2007},
 publisher={Komitet Zrównoważonej Gospodarki Surowcami Mineralnymi PAN},
 publisher={Instytut Gospodarki Surowcami Mineralnymi i Energią PAN},
 abstract={Due to the application of a determined depreciation procedure for fixed assets, an investor obtains a cash flow which influences the Net Cash Flow - NCF. This fact affects considerably the economic efficiency of an investment project under analysis. The article analyses the effect of the depreciation procedure upon fixed assets (linear method, degressive method as well as procedures applied in West Europe) upon cash flows, income tax encumbrance and efficiency ofan investment project. Then, there is also investigated a possibility ofself-financing of investments with the means coming from amortization deductions. A pertinent analysis was performed taking as example an investment project aimed at providing some mining flats with machines and devices.},
 title={Depreciation of fixed assets and efficiency of investment and operation of a mining plant},
 type={Article},
 URL={http://journals.pan.pl/Content/133731/PDF/10_GSM_23_4_2007_Franik_Depreciaton.pdf},
 keywords={hard coal mining, project evaluation, depreciation methods, mining},
}