Re: [Pen-l] The Fragility of Economic Data

[Max Sawicky <maxbsawicky@xxxxxxxxx>]

For anyone interested, there's a big, arcane tax literature on the
differences between 'book' and 'tax' depreciation and accounting in
general.



On Mon, Jun 8, 2009 at 9:59 AM, Jim Devine<jdevine03@xxxxxxxxx> wrote:
> Michael Perelman wrote:
>>For example, when a business purchases a computer for $10,000, it does not write off the full cost in the year of purchase. Instead, it will follow an accounting convention, which will subtract a fixed amount of depreciation for each year of its expected life.<
>
> is that really how they do it? is there an accountant in the house?
> Isn't depreciation done differently for tax purposes?
>
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l