ANO 1.32% 77.0¢ advance zinctek limited

Unlikely. Accounting is different to tax and it would be...

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  1. 658 Posts.
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    Unlikely. Accounting is different to tax and it would be contrary to Accounting Standards to write off equipment in such a way. What happens with such write offs is that you have a timing difference between accounting profit and Taxable Income, which ends up being reflected in the Financial Statements as a Deferred Tax Asset or Liability.
 
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