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Depreciation rates. When you purchase tangible fixed assets for the enterprise – such as machinery, equipment, cars, buildings, etc., you can depreciate this over a period of several years. This means that you can get a deduction because the value of the equipment or fixed asset is reduced due to wear and tear and age.
4 paź 2024 · The tax rules state that significant fixed assets and investments must be depreciated using reducing balance depreciation. Under the tax rules, an asset is considered to be significant and fixed when it is expected to have a useful life of at least three years and has a cost price of at least NOK 30,000 (NOK 15,000 in 2023).
1 lip 2024 · Depreciation. In Norway, the declining-balance method of depreciation is mandatory for most capitalised assets. The depreciation rates given below are the maximum rates. There is a duty to capitalise an asset that has a value of NOK 30,000 or higher and an economic life of at least three years.
If the firm chooses to depreciate at 20% instead of 30%, all else equal, the value of the depreciation allowance is $0.67, and the cost of the asset is increased by 8%. We consider several possible explanations for this behavior, and then test the hypotheses on firm-level tax return data from Norway.
9 kwi 2007 · The dividend constraint can be loosened by forgoing some tax depreciation, but the evidence does not support this motivation. Unusual access to extremely detailed individual firm tax returns forms in Norway made our empirical analysis possible.
1 sty 2003 · In studying the underutilization of tax depreciation by Norwegian firms, Aarbu and MacKie-Mason (2003) found that underutilization decreased after decoupling tax and financial accounting. Our...
1 lut 2003 · First, we find strong evidence that firms facing current tax losses or carrying forward past losses underutilize depreciation in order to recover tax losses before they expire.
