Accounting




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  1.  
    Why does the U.S Government allow Depreciation Expenses? Is Depreciation benefiting to a tax payer? Why or Why not?
    • CommentAuthoramber
    • CommentTimeDec 3rd 2007
     
    Depreciation helps you to recover some of the cost of assets purchased and used in business by taking a portion of the assets cost as a tax deduction. Depreciation deductions lower the taxable amount of income (net income) that a company will report and pay tax on, it also provides a basis for determining a gain or loss on the sale of assets.