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What is book mean?

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Aimablesmart

Lvl 1
8y ago
Updated: 11/18/2021

The depreciation rate for accounting may be different than that of taxation. The depreciation as per books of accounts may often be termed as book depreciation while that calculated under tax law is termed as tax depreciation.

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Krystal Bernier

Lvl 10
3y ago

What else can I help you with?