Depreciation is not only a representation of the loss in asset-value over time.It is also a strategic tool for management and can be used to minimize tax payments.In this paper we derive the depreciation scheme that minimizes the expected value of the present value of future tax payments for two types of constraints on the depreciation method.
|Place of Publication||Tilburg|
|Number of pages||29|
|Publication status||Published - 2001|
|Name||CentER Discussion Paper|