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Depreciation, reflecting the systematic allocation of the cost of fixed and intangible assets over their useful lives, is one of the fundamental mechanisms of accounting.

International Financial Reporting Standards (IFRS) and Polish accounting standards present fundamentally different approaches to recording business transactions and assessing a company's financial position. These differences significantly impact asset valuation, liability recognition, revenue timing, and ultimately how investors, banks, and business partners perceive a company's financial health and creditworthiness.