What is taxation and capital allowances, Financial Accounting

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Q. What is Taxation and capital allowances?

The suppositions made regarding taxation should be investigated. The tax rate has-been supposed to be constant when there may be different rates of profit tax applied to companies of different size. The method obtainable for claiming capital allowances must be confirmed since it is usual to find a different method being applied to buildings compared to that applied to machinery whereas in this case they are the same.

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