أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
TRUE OR FALSE
It depends on the rules in the country. If tax paid at the time of purchase is a part of the book value of the asset, then it will be considered for depreciation calculations. If the company has obtained tax credit (VAT credit or reimbursement) then it is not a part ofbook value. In such a case, it is not considered for depreciation calculations.
False:
Because in the calculation of Depriciation there is no preference for Tax.
sales tax does not deduct from the assets value
advance income tax need to deduct