Sunday, 10 May 2015

Cima E1 Exam Question No 12

Question No 12:

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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