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Writing-Down Allowance |
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Writing-Down Allowance A reduction in the taxable income of a corporation due to assets acquired in a year. To calculate the writing-down allowance, one adds a percentage of the value of the assets purchased in the current year to the depreciation on assets purchased in previous years. The writing-down allowance reduces a company's corporate tax liability. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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