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Understanding Acc Dep
Understanding Acc Dep
Net Profit
(After Tax) 20100000 Taxable profit 17200000
Tax @ 33% 5676000
Net Profit 24324000
Tax saving 4224000
Cost of Solar 500
Acc dep 400
400 800
1000
800
Can write of
80% of the
solar system
Tax @ 33% 9900000 cost in Year One
Net Profit
(After Tax) 20100000 Taxable profit
Tax @ 33%
Net Profit
Tax saving
30000000 Cost of Sol 16000000
12800000
17200000
5676000
24324000
4224000