Zuydam Konsult

Zuydam Konsult Accountants Bellville

income

Depreciation vs wear & tear

Deterioration, obsolescence and wear and tear are among the reasons why assets decrease in value. By realising a deduction on depreciation for tax purposes, your company can recover the costs of certain moveable assets that are used in the production of income.   Generally, businesses won’t be able to make use of assets like heavy …

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