That's not true, there is an annual write down allowance that is tax deductible & is recognised each year. Depreciation is an accounting method for recording the diminution of the assets value. The deferred tax asset occurs because the two practices have different write down rates/methods. i.e depreciation writes down the asset faster. If the ATO allowed the tax write down rate/method to be the same as the accounting standard then there would be no deterred tax asset.
VAH Price at posting:
8.6¢ Sentiment: Hold Disclosure: Not Held
