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单词 capital allowance
释义

capital allowance

Definition
Reduction in the amount of corporation tax payable, offered as an incentive for investment in large-scale projects (that increase a country's production capacity and stock of capital). A certain percentage of the capital asset's cost is allowed as capital allowance during the accounting period in which it was purchased. This amount is greater than the depreciation charge on the asset during that period.
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更新时间:2025/3/10 8:31:39