[michaelt000]

Congratulations mairkusv! I have also just achieved Affiliate status. Hope that we can uphold the standards of the profession.

[michaelt000]

My apologies, I was referring to Example 4 on page 40 of the opentuition AFM notes and the answer given on ACCA (AFM) lectures – Discounted cash flow techniques (part 3).

The question stated

“An amount equal to the amount of the tax allowable depreciation is required each
year for the maintenance of non-current assets.”

Why it’s the maintenance taken as a deductible expenses to calculate tax?

[Author]

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