ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

To compute depreciation, Tax paid on purchase of assest is needed to deduct from the asset value.

TRUE OR FALSE

user-image
تم إضافة السؤال من قبل irfan khalid , Senior Sales Executive , Ghantoot Group ( Bin Mehran Ready Mix Concrete)
تاريخ النشر: 2014/08/03
مستخدم محذوف‎
من قبل مستخدم محذوف‎

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.

Armughan Shafaq Abbasi
من قبل Armughan Shafaq Abbasi , Assistant Manager Finance and Administration , TAMBRO Private Limited

False:

Because in the calculation of Depriciation there is no preference for Tax.

Tegegne Abrham
من قبل Tegegne Abrham , General Manager , MM BEDDING INDUSTRIES PLC

There are two types of taxes paid on asset these are refundable and non refundable taxes. Refundable taxes are not allowed to be capitalized and made depreciation on it. These:are taxs like VAT and withholding. Non refundable taxes are capitalised and depreciation is made on it. These taxes are taxes like custome taxes or TOT. These rules are universal and applied in most countries.

Ijaz Ahmad
من قبل Ijaz Ahmad , Manager Finance , VIP Wears (Pvt) Limited

sales tax does not deduct from the assets value

advance income tax need to deduct

المزيد من الأسئلة المماثلة