Accounting
Book Depreciation and Tax Depreciation in Brazil – How to Take a Depreciation Deduction on Brazilian Tax Return
International Accounting Standard 16 (IAS 16) defines depreciation as the systematic allocation of the depreciable amount of an asset over its useful life. Depreciable amount is the cost of an asset, or other amount substituted for cost, less its residual value. Before Brazil adopted IFRS, companies in Brazil used to depreciate assets Read more…