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Question :

What is Amortization Method in Taxation?

Category Tax Interview Questions
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Added on 7/24/2016
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Question :

What is Amortization Method in Taxation?


Answer:

Amortization Method in Taxation is the method of computing a credit under a VAT regime where investment goods are purchased which have a useful life in the business for a period exceeding one year. The tax embodied in the price paid for the assets may be credited to the trader over a period of years corresponding to the life of the assets.
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