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Essay specific features
Written by:
Michael S
Date added:
March 3, 2014
Level:
University
Grade:
A
No of pages / words:
5 / 1335
Was viewed:
2289 times
Rating of current essay:
Essay content:
Simply put, business owners are allowed to depreciate any business assets they need to get their business going. For instance, let??s say you own a restaurant. You need stoves, dish washers, cash registers, plates, silverware, etc. to keep that business running. You are allowed to write off the depreciation in value of those items because you will have to pay the cost of replacing them someday...
displayed 300 characters
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For instance, let??s say you own a restaurant. You need stoves, dish washers, cash registers, plates, silverware, etc. to keep that business running. You are allowed to write off the depreciation in value of those items because you will have to pay the cost of replacing them someday. So, in essence, you get to count the cost of those items twice in your taxes for their first few years...
displayed 300 characters
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