Abstract

Strange Accounting
Yaffe, Richard A. | March 5, 1949 issue

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Accelerated Depreciation was an item that didn't get the headlines but that may prove extremely important if the U.S. Congress allows it to be applied to tax returns. Suppose a plant costs $1,000,000 and the owner is allowed to reckon its depreciation over ten years at $100,000 a year. At the end of the tenth year he finds that the replacement value of his plant has gone up to $2,000,000. The manufacturer who follows the U.S. Steel formula will be demanding a guaranty that he will always be able to carry on his business without investing more money in it and that he will always have the profit on his original investment.

See Also:

ACCOUNTING; DEPRECIATION; UNITED States. Congress; TAX returns; INVESTMENTS; UNITED States
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