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A major objective of capital cost allowance for tax depreciation is to help taxpayers achieve a faster write - off of their capital assets. reduce
A major objective of capital cost allowance for tax depreciation is to
help taxpayers achieve a faster writeoff of their capital assets.
reduce the amount of depreciation expense claimed for income tax purposes.
require taxpayers to use the actual economic lives of assets in calculating tax depreciation.
assure that the amount of depreciation for income tax and book purposes will be the same.
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