Research Paper: Tax
Research Paper: Tax
Introduction
Generally, depreciation refers to an annual deduction of tax that permits a company or organization (ABC) to recover the cost of a property (in this case, the research facility). It allows for tear and wear, and deterioration as well as obsolescence (Internal Revenue Service, 2014; Financial Web, 2015). In this regard, ABC has some room for depreciation on the grounds of obsolescence. It makes sense that ABC settles on depreciation as a strategy to avoid losing too much in the taxation of the facility, which will be of no value in just five years. According to Continue reading...