Accounting WEB
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Tax Regulation VS Central Bank Regulation

Tax Regulation VS Central Bank Regulation

I'm from Indonesia. In Indonesia we have a different methods for accounting for tax and Central Bank, specially in depreciation rules.

In taxation we should do a double declining method and at the end of period we have to delete the remaining book value of the fixed asset.

But for central bank we can depreciate the fixed asset by
double declining method until no remaining book value anymore. (close to 0).

How about in United Kingdom or other countries (International rules)?



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