While economic sanctions are getting more tightened, the reindustrialization of the Russian economy makes industrial corporations and entities partially owned by the State use internal sources of finance as efficiently as possible. It substantially depends on the depreciation strategy the State adheres to. As a scientific aim, the article provides an economic substantiation of amounts of material benefits arising from various approaches used to assess bonus depreciation under the effective tax laws of the Russian Federation. The research focuses on the process of forming internal sources of finance to maintain business operations during the reindustrialization of the national industrial sector. The research examines methodological approaches used to articulate the depreciation policy, including methods and techniques for assessing material benefits derived as a result of various depreciation scenarios in order to replenish internal sources of finance for production development purposes. As the main result of the research, we propose a financial mechanism for forming and replenishing internal sources of finance. We present the financial mechanism as a multitier relationship of funded and funding components. We also formulate key principles and methodological approaches, methods and tools, including scenarios of outlining an efficiency depreciation policy (strategy) in a specific corporation and group. The article sets forth the definition of the efficient depreciation policy that is corroborated with charts reflecting how depreciation is accrued using bonus depreciation on a straight-line basis and through accelerated depreciation. The charts also indicate the maximization of yields from depreciation and the minimization of tax exemptions. Illustrating business operations of industrial corporations, we prove that it is legitimate to obtain the maximum acceptable tax values and economic (material) benefits within the framework of the effective tax laws of the Russian Federation.
Keywords: reindustrialization, economic sanctions, capital investment, bonus depreciation, efficient depreciation policy, profit tax, income tax, property tax, accelerated depreciation method
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