Monday, 13 April 2015

Cima E1 Exam Question No 8

Question No 8:

Accounting depreciation is replaced by tax depreciation?

A.
To reduce the amount of depreciation allowed for tax
B.
To increase the amount of depreciation allowed for tax
C.
To ensure that standard rates of depreciation are used by all organisations for tax
purposes
D.
So that the government can more easily manipulate the amount of tax organisations pay

Answer: C

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