How does tax law allow businesses to recover the costs of capital assets? Q.How does tax law allow businesses to recover the costs of capital assets? A.Cost recovery is the ability to recover (deduct) the costs of an investment. The recovery of investments in tangible assets happens through depreciation, and the recovery of intangible assets is through amortization. Depreciation and amortization can be measured for economic, financial, or tax purposes. Read more about How does tax law allow businesses to recover the costs of capital assets?
Who bears the burden of the corporate income tax? Q.Who bears the burden of the corporate income tax? A.The burden is shared among stockholders, workers, and all investors. Read more about Who bears the burden of the corporate income tax?