Tax Depreciation Schedules Prime Cost v Diminishing Value?

What does it mean and what is the difference?
To put it simply, the Prime Cost method gives you equal deductions each year for the effective life of the article.

Whereas the Diminishing Value method gives higher deductions in the earlier years.

The majority of investors choose the Diminishing Values method.

The significantly higher deductions in the first five […]

By |July 12th, 2015|Tax Depreciation|0 Comments