bpp revision kit q no 67
In the question they mention that
(ii) The expenditure was deducted for tax purposes as it was incurred.
(iii)The expenditure will be tax deductible when paid.
what do they mean by the above statement. some explanation highly appreciated.
Also, what do they mean by accelerated tax depreciation?
In the question they mention that
(ii) The expenditure was deducted for tax purposes as it was incurred.
(iii)The expenditure will be tax deductible when paid.
what do they mean by the above statement. some explanation highly appreciated.
Also, what do they mean by accelerated tax depreciation?