I think this is a tax avoidance strategy that may save a lot on taxes. E.g. use accelerated depreciation to avoid taxes in a really profitable year and then if you have a loss or much lower profit in a subsequent year, you have successfully avoided a bunch of taxes. Not an accountant or tax lawyer so there may be a catch here.
That makes no sense, the integral of the tax credit is always the total value of the asset so it doesn't matter unless there are relevant tax brackets here? Businesses can also carryforward losses right?
