Msg. 06930 of 54959 (This msg. is a reply to
06928 by
DigSpace)
Jump:
Right.
In tax terms, in the UK at least, depreciation is not called depreciation when it is calculated for tax purposes. It is (or was once) called a capital allowance.
You deduct the capital allowance from your corporation tax on adjusted net income. The tax folks also add back the depreciation charge.
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