TY - JOUR
T1 - Inflation, depreciation and optimal production
AU - Landskroner, Yoram
AU - Levy, Haim
PY - 1979/10
Y1 - 1979/10
N2 - Depreciation is an economic outlay, though not a cash outflow. It is recognized as an outlay for tax purposes. This paper deals only with the tax effect of the depreciation method, emphasizing the impact of inflation on both the optimal depreciation method and optimal combination of production factors chosen by firms. In the U.S. and other countries accelerated forms of depreciation were adopted. These methods are analyzed and an optimal one is proposed.
AB - Depreciation is an economic outlay, though not a cash outflow. It is recognized as an outlay for tax purposes. This paper deals only with the tax effect of the depreciation method, emphasizing the impact of inflation on both the optimal depreciation method and optimal combination of production factors chosen by firms. In the U.S. and other countries accelerated forms of depreciation were adopted. These methods are analyzed and an optimal one is proposed.
UR - http://www.scopus.com/inward/record.url?scp=34248466262&partnerID=8YFLogxK
U2 - 10.1016/0014-2921(79)90026-6
DO - 10.1016/0014-2921(79)90026-6
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AN - SCOPUS:34248466262
SN - 0014-2921
VL - 12
SP - 353
EP - 367
JO - European Economic Review
JF - European Economic Review
IS - 4
ER -