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the practice of allowing a certain amount of money spent by a company on fixed assets to be taken off the profits of the company before tax is imposed


Read Also:

  • Capital-asset

    fixed asset.

  • Capital-budget

    a statement of proposed financial expenditures, especially for schools, parks, and other municipal facilities, and often including a plan for financing.

  • Capital-expenditure

    an addition to the value of fixed assets, as by the purchase of a new building. noun expenditure on acquisitions of or improvements to fixed assets

  • Capital-flight

    capital flight Note: In 1998, Indonesia experienced a capital flight, which brought on political as well as economic instability. Contemporary Examples Mapped: Where Russia Stashes Its Cash CNBC March 18, 2014 Historical Examples The Ornithology of Shakespeare James Edmund Harting

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