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Depreciation

Depreciation

Dear forum member,

Are assets qualifying for FYA depreciated any differently, that is is 100% of the cost entered as the depreciation amount as opposed to depreciating it over a few years using specific methods of depreciation?

Would be grateful for any replies

Many thanks

Akaish

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By BKD
30th Jan 2013 11:00

No

Capital allowances for tax purposes and depreciation for accounts purposes are generally independent of each other. That is why we have deferred taxation!

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