Relativity of simultaneity: Difference between revisions
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The situation of additional [[tax]]es or tax savings resulting from selling the last item of its class in an [[inventory]] due to difference between its [[depreciation|undepreciated]] [[capital cost]] (UCC) and its [[salvage value]] (SV).<ref>Chan S. Park et al., ''Contemporary Engineering Economics (Second Canadian Edition)'', Addison Wesley Longman, 2001. ISBN 0-201-61390-5</ref> | |||
==Overview== | |||
"Disposal tax effect" is a [[finance]] term originating from [[Engineering Economics]]. | |||
In the case of <math>SV > UCC</math>, then there has been a relative gain in the sale of the item, which gets taxed. These gains are known as "recaptured [[depreciation]]" or "recaptured CCA". | |||
When <math>SV < UCC</math>, then there has been a loss, which results in tax savings. | |||
==References== | |||
<references/> | |||
[[Category:Finance]] | |||
[[Category:Taxation]] | |||
{{econ-policy-stub}} | |||
Revision as of 23:47, 3 January 2014
The situation of additional taxes or tax savings resulting from selling the last item of its class in an inventory due to difference between its undepreciated capital cost (UCC) and its salvage value (SV).[1]
Overview
"Disposal tax effect" is a finance term originating from Engineering Economics.
In the case of , then there has been a relative gain in the sale of the item, which gets taxed. These gains are known as "recaptured depreciation" or "recaptured CCA".
When , then there has been a loss, which results in tax savings.
References
- ↑ Chan S. Park et al., Contemporary Engineering Economics (Second Canadian Edition), Addison Wesley Longman, 2001. ISBN 0-201-61390-5