INTERVIEW QUESTIONS TAX DETAILS

Question: What is Amortization Method in Taxation?

Answer: Amortization Method in Taxation is the method of computing a credit under a VAT regime where investment goods are purchased which have a useful life in the business for a period exceeding one year. The tax embodied in the price paid for the assets may be credited to the trader over a period of years corresponding to the life of the assets.

Amortization Method in Taxation is the method of computing a credit under a VAT regime where investment goods are purchased which have a useful life in the business for a period exceeding one year. The tax embodied in the price paid for the assets may be credited to the trader over a period of years corresponding to the life of the assets. Source: CoolInterview.com

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