Businesses can’t deduct those asset purchases as costs (they are not “expenses”). They have to depreciate them over a set number of years, according to established accounting practices.
Purchases of long-term business assets, such as factories and equipment, are claimed as depreciation. This involves subtracting a percentage of their cost per tax return over a period of years.
This is fine and actually correct, because equipment and buildings literally cost money every year to repair or replace parts.
There are enough things to be angry about without making anything up. Please educate yourself about what businesses actually do, so you can advocate correctly. Otherwise you just sound dumb.
If they didn’t count expansion and buying property and tools with reliable resell values as “costs” I’d agree.
Businesses can’t deduct those asset purchases as costs (they are not “expenses”). They have to depreciate them over a set number of years, according to established accounting practices.
https://www.thebalancemoney.com/expense-or-depreciate-items-on-your-taxes-392950
This is fine and actually correct, because equipment and buildings literally cost money every year to repair or replace parts.
There are enough things to be angry about without making anything up. Please educate yourself about what businesses actually do, so you can advocate correctly. Otherwise you just sound dumb.
Lol, sucker