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Part of this Act extended the provisions of two key tax depreciation Complete repair and rebuild services for all types and brands of crushers machines etc
When Congress passed the economic stimulus package in March it included an optional capital depreciation bonus enabling equipment owners to accelerate depreciation in the first year of a new machine s depreciable life
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It is the amount which is retained for depreciation of assets which is a known liability but the actual amount cannot be determined with accuracy So a fund set specifically for the purpose of either the loss in the value of machinery due to depreciation would be known as provision for depreciation on machinery
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A provision for depreciation is the amount set aside or retained by way of providing for depreciation It is the amount which is retained for depreciation of assets which is a known liability but the actual amount cannot be determined with accur
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