Difference between gaap and tax accounting


As we look at these types of expenditures we will find that companies often establish thresholds as it relates to what is considered a capital expenditure. How are these thresholds treated as it relates to what the IRS considers a capital expenditure and why is there a difference between GAAP and tax accounting as it relates to the depreciation of these expenses?

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Finance Basics: Difference between gaap and tax accounting
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