Subsection 3: Expenditure

For the application of the provisions of 18° of Article L. 4425-29, the Corsican local authority shall depreciate its fixed assets, including those made available or allocated: 1° Intangible; > Tangible 2° Tangible, with the exception of road networks and installations for which depreciation is optional. This depreciation does not apply to fixed assets owned by the Corsican local authority and which are handed over on assignment or made available,…

For the application of 19° of Article L. 4425-29, the constitution of provisions for risks and charges is mandatory as soon as the risk arises and the recognition of depreciation is mandatory in the event of a loss in value of an asset. The Chairman of the Executive Board must recognise the impairment or set aside a provision for the amount of the loss in value or the risk. The…